Gold slips on firmer equities, ETF holdings slip

On Monday, Gold inched down in slow trade after stock markets firmed on optimism the U.S. economy would not fall back into recession, with a slight drop in holdings in the ETF putting additional pressure.

The press release is quoted as saying:

Spot gold XAU= eased 74 cents to $1,247.30 an ounce by 0043 GMT, having fallen as low as $1,235.70 on Friday due to fewer-than-expected U.S. job losses data.

Click here to access the entire press release