Gold prices were slipping Tuesday, weighed down by further news of the worsening housing market in the U.S.

Benchmark gold futures were losing $9.70 at $917.10 an ounce in recent action on the Comex division of the New York Mercantile Exchange.

The streetTracks Gold Shares ( GLD - Get Report) and the iShares Comex Gold Trust ( IAU - Get Report) were down around 1.2%.

The action came after the National Association of Realtors said pending home sales slid dramatically in February. Gold investors often buy bullion as a hedge against economic uncertainty, and the news of continued turmoil in the residential real estate sector only adds to the feeling of insecurity.

In the precious metals patch, shares of Golden Star Resources ( GSS - Get Report) and Iamgold ( IAG - Get Report) were losing 1.5%.

Among currencies, the British pound was on the slide, with one pound trading for $1.9694, down from $1.9857 previously.

One euro was buying $1.5716 vs. $1.5708 Monday. The dollar was worth 102.36 Japanese yen, down slightly from 102.42 yen a day ago.

The CurrencyShares British Pound Sterling ( FXB - Get Report) was down about 0.9%. The CurrencyShares Euro Trust ( FXE - Get Report) and the CurrencyShares Japanese Yen Trust ( FXY - Get Report) were both ahead less than 0.1%.