Gold down after U.S. data, stock market recovery curbs investor interest

By Clara Denina LONDON (Reuters) - Gold edged lower on Tuesday, after better-than-expected U.S. data and gains in European stock markets which reduced the appeal of the precious metal often perceived as a refuge from riskier assets. Spot gold fell 0.1 percent to $1,272.31 per ounce by 1340 GMT, while U.S. gold futures were also down 0.1 percent at $1,273.40. "There is a little profit taking in gold because the shares market is higher," Societe Generale analyst Robin Bhar said.