By Nicholas Larkin and Glenys Sim
Dec. 15 (Bloomberg) -- Gold fell in New York and London as a stronger dollar curbed demand for the precious metal as an alternative investment.
The dollar rose to more than a two-month high against the euro amid speculation the U.S. economic recovery will prompt the Federal Reserve to start reducing stimulus measures. Futures, which typically move inversely to the greenback, have dropped 9.2 percent since reaching a record $1,227.50 on Dec. 3, as the dollar gained 3.5 percent against the euro in the period.
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