Spot gold fell USD 2.14 an ounce to USD 1,428.66 by 0045
GMT. Gold sank a combined USD 225 on April 12 and 15 in a sell-off that
surprised ardent gold investors and bulls.
US gold was at USD 1,428.10 an ounce, up USD 4.40.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.38 percent to 1092.98 tonnes on Wednesday from 1097.19 tonnes on Tuesday. The current holdings are at multi-year lows.
Barrick Gold Corp, making
a painful adjustment to a sustained slump in bullion prices, reported progress
in controlling costs on Wednesday and said it planned further cuts in capital
spending, sending its shares higher.
SILVER
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 43500, 44200
SUPPORT : - 43750, 42800
STRATEGY : - BUY ON DIPS
CRUDE OIL
OUTLOOK:
TREND : - CONSOLIDATE
RESISTANCE : - 5000, 5050
SUPPORT : - 4920, 4850
STRATEGY : - BUY ON DIPS
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