Gold May Fall For a Third Day in New York on Dollar, Less Demand

Gold may fall for a third day in New York as a stronger dollar and data signaling a recovery in the U.S. economy curb demand for the metal as an alternative investment and protection of wealth.

The dollar rose to a one-week high against the euro before a report tomorrow that may show U.S. payrolls rose for a third month. Reports this week showed orders placed with factories and manufacturing improved in the U.S. Gold, which usually moves inversely to the greenback, yesterday slid to the lowest level since Dec. 16. It reached a record $1,432.50 an ounce on Dec. 7.