Gold falls in Asia

Gold pared early gains on Tuesday and slipped below a record high hit in the previous session as oil prices fell, but a rebound in ETF holdings suggested that investors remained jittery about unrest in North Africa and the Middle East. Spot gold fell $2.89 an ounce to $1,427.85 an ounce by 0649 GMT, having rallied as high as $1,444.40 an ounce on Monday.
A record high, as violence flared in Libya and after the downgrade of Greece's credit rating reignited worries about euro zone sovereign debt. US gold futures for April fell $6.0 an ounce to $1,428.5 an ounce after striking a record at $1,445.70 on Monday.