Gold prices decline on weak physical demand and uncertainty in term of reducing the incentives Fed .

From the beginning, gold fell by about a quarter because of fears that the Fed will reduce the amount of buying bonds to $ 85 billion per month. According to some analysts , reducing incentives will begin in December , while others believe that based on the latest economic data the central bank will keep the volume of buying bonds until next year . The next meeting will be held on December 17-18, Fed .

Demand rose after prices fall below $ 1,230 , but again fell silent when they increase , dealers said . Margins in Shanghai for gold bullion 99.99 percent purity on Tuesday fell to $ 8 per ounce to $ 13 on Monday .

Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Monday fell by 3.3 tons, and since the beginning of the year reserves decreased by 450 tons.

The cost of the December gold futures on the COMEX today dropped to $ 1240.90 per ounce.