Gold steadied around two-month highs on Monday on uncertainty about a possible reduction in US monetary stimulus, and supported by the first net weekly flow into the top exchange-traded gold fund in months.
Spot gold was down slig
Gold erased early gains on Tuesday, struggling to stay above $1,300, as strong global economic data dented its safe-haven appeal and physical buying in top consumers India and China remained subdued.
The metal rose early in Asian
Gold edged higher on Monday after clocking its biggest quarterly fall ever, helped by comments from a US Federal Reserve official on the need to maintain the bank's stimulus measures for longer and as Asian stocks eased.
Gold inched up on Thursday, but was headed for its longest stretch of monthly declines in more than 16 years as an improving economic outlook dimmed its safe-haven appeal.
Gold sank nearly 1 percent in the previous session, wiping
Gold steadied above $1,340 an ounce on Thursday, as waning investor interest was offset by a pull-back in the dollar ahead of a key G20 meeting and after currency remarks from US Treasury Secretary Tim Geithner.
Holdings of gold in the wor
Gold gained on Thursday but hovered around $50 below its record high, while the world's largest gold-backed ETF rose to a lifetime high as investors sought safety from turmoil in the financial markets.
Europe's debt crisis has burn
Gold firmed towards a record on Monday, while bullion priced in euro and sterling struck all time highs as falling currencies and fears a European bailout package could hurt, rather than help a recovery, spurred investor buying.