By Nicholas Larkin Nov. 11 (Bloomberg) -- Gold, little changed today in London, may decline on expectations German investor confidence is at a record low and as a stronger dollar reduces the metal's appeal as an alternative investment. Bullion ended two days of gains following a 1.3 percent increase yesterday after China said it would spend $586 billion to maintain growth in the world's fourth-largest economy. German investor confidence probably stayed near a record low in November after the financial crisis pushed Europe's largest economy to the brink of a recession, a Bloomberg survey showed. ``With financial markets expecting a negative statistic, the greenback should make further strides against the euro,'' Manqoba Madinane, a commodity analyst at Standard Bank Group Ltd. in Johannesburg, wrote in a note today, referring to the German report. ``A worse-than-expected statistic could expose precious metals to some downside.'' Gold for immediate delivery lost 73 cents, or 0.1 percent, to $745.47 an ounce as of 9:05 a.m. in London. December futures declined $1.70 to $744.80 an ounce in electronic trading on the Comex division of the New York Mercantile Exchange. The ZEW Center for European Economic Research will release the German confidence report, which aims to predict economic developments six months ahead, at 11 a.m. in Mannheim. The dollar was little changed against the euro. The relationship between gold and the euro-dollar exchange rate has strengthened this year, with a correlation of 0.60, compared with 0.53 a year earlier. A figure of 1 would mean they move in lockstep. Among other metals for immediate delivery, silver rose 0.4 percent to $10.225 an ounce. Platinum fell $16.50, or 1.9 percent, to $840.50, and palladium was 50 cents, or 0.2 percent, lower at $221 an ounce. To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net

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