NEW YORK (MarketWatch) -- Gold futures fell 1% in early Tuesday trading as the precious metal's appeal as a hedge against inflation declined after inflation pressures in the U.K. eased much more than expected. The U.S. is also expected to report the largest monthly decline in the producer price index in more than 60 years. Gold for December delivery fell $6.90 to $735.10 an ounce in early electronic trading.
