Gold fell the most since August after the dollar rebounded against the Euro on Tuesday.

Gold had rallied six straight weeks to the highest in 27 years as the dollar tumbled to a record against the euro. The U.S. currency today rose as much as 0.6 percent after touching all-time lows in the previous eight sessions.

Gold futures for December delivery fell $17.80, or 2.4 percent, to $736.30 an ounce on the Comex division of the New York Mercantile Exchange, the biggest drop since Aug. 16. Gold is still up 15 percent this year.

The metal yesterday climbed to $755.70, the highest for a most-active contract since Jan. 22, 1980, the day after the price reached a record $873.

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