MTECHTIPS GOLD

MTECHTIPS:-GOLD

Gold edged lower on Friday as the dollar and equities regained momentum after a volatile trading session the day before, and as holdings in bullion-backed exchange-traded funds fell to fresh fouryear lows. Gold rose as much as 2 percent to $1,397.35 on Thursday as investors sought its safehaven status after the dollar and equity markets were hit by factory data from China and the United States that showed the pace of manufacturing had slowed. SPDR Gold Trust holdings fell 0.15 percent to four-year lows of 1018.57 tons. Outlook : gold will take cues from German and Japan but is expected to continue to fall as a result of lower German and American economic data.