The ebb and flow of the US equity market continued to exert a large amount of influence on gold prices during the trade on Tuesday. However after rather significant breakdown in US equity prices in the early afternoon action, the market showed very little upside action of the flight to quality angle. In fact, with ongoing weakness in the Dollar, higher oil prices and a number of physical commodity markets showing strength, the afternoon gold market action had to be disappointing to the bull camp. Perhaps the latest efforts to alleviate the US credit crisis by the US Federal Reserve dampened interest in the long side of the gold market.