FUNDAMENTALS
Spot gold edged down $1 to $1,553.54 an ounce by 0029 GMT, after sliding more than 1 percent in the previous session.
US gold inched up 0.3 per cent to $1,553.30. * Spanish bond yields rose on Tuesday as investors fretted that efforts to recapitalise the country's frail banking sector could mean the government selling more bonds and adding to the growing pressure on public finances.
Rating agency Egan-Jones cut Spain's credit level for the third time in less than a month, as the country's weak banks continue to worry investors.
Greece's pro-bailout conservatives are leading ahead of a national parliamentary election next month that may determine whether the country remains in the euro zone, an opinion poll showed on Wednesday.
US home prices edged higher for the second month in a row in March as the housing recovery picked up traction, while gains in some of the hardest hit areas suggested the improvement was becoming more broad-based.
Holdings of the iShares Silver Trust, the world's largest silver-backed exchange-traded fund, dropped nearly half a percent from the previous session to 9,619.03 tonnes by May 29, the lowest in nearly two weeks.
Spot gold edged down $1 to $1,553.54 an ounce by 0029 GMT, after sliding more than 1 percent in the previous session.
US gold inched up 0.3 per cent to $1,553.30. * Spanish bond yields rose on Tuesday as investors fretted that efforts to recapitalise the country's frail banking sector could mean the government selling more bonds and adding to the growing pressure on public finances.
Rating agency Egan-Jones cut Spain's credit level for the third time in less than a month, as the country's weak banks continue to worry investors.
Greece's pro-bailout conservatives are leading ahead of a national parliamentary election next month that may determine whether the country remains in the euro zone, an opinion poll showed on Wednesday.
US home prices edged higher for the second month in a row in March as the housing recovery picked up traction, while gains in some of the hardest hit areas suggested the improvement was becoming more broad-based.
Holdings of the iShares Silver Trust, the world's largest silver-backed exchange-traded fund, dropped nearly half a percent from the previous session to 9,619.03 tonnes by May 29, the lowest in nearly two weeks.
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