GOLD SLIPS AFTER 1%GAIN

Gold edged down on Thursday, after rising more than 1 percent in the previous session, as speculators booked profits and investors cut their holdings on bullion exchange-traded funds to their lowest since early 2009.

Also Read: Physical demand can tap fall in Gold prices:-

FUNDAMENTALS

* Spot gold fell USD 2.78 an ounce to USD 1,469.41 by 0045 GMT, with gains in equities also weighing on prices. Gold hit an intraday high around USD 1,476 on Wednesday on physical buying and a drop in the dollar against the euro.

* US gold was at USD 1,468.90 an ounce, down USD 4.80.

* SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.60 percent to 1,051.47 tonnes on Wednesday from 1057.79 tonnes on Tuesday.

* The US Mint will limit dealers' purchases of its "America the Beautiful" five-ounce silver bullion coins when they go on sale next week, reflecting soaring physical demand after a sharp selloff in precious metals.

http://www.theequicom.com

FOR MORE DETAIL JUST VISIT OUR WEBSITE AND FILL THE FREE TRIAL FORM

stock tips today, stock cash tips today,free share market tips for today, free stock tips for, share market tips, intraday tips, free stock tips, free trial for share market tips, free equity tips, equity tips, stock future tips, stock cash tips, hni tips,premium tips, free premium tips,Commodity tips, share market tips for today.

For more detail and to know about our free trial services you can call us on 09200009262