Gold prices dropped in Asia this morning after volatile trade the previous day, when the metal rallied to its highest in more than a week before erasing the gains, due to a larger-than-expected fall in US producer prices.
Spot gold was at $1,122.00 an ounce, down $2.35 from New York's notional close on Wednesday, when it hit an intraday high of $1,132.80 to track early gains in the euro versus the US dollar before falling sharply. US gold futures for April delivery fell $1.70 an ounce to $1,122.50.
The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings stood at 1,115.51 tonnes as of March 17, unchanged from the previous business day.
Source BloomBergUTV
Lable Gold Price ,Commodity Price
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