Gold tracked back from its lows yesterday as the dollar retreated from earlier highs, with worse-than-expected US macro data and weaker European equity markets fuelling doubts about the recent bull run being sustainable.

Gold holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, stood unchanged at 1,105.62 metric tons yesterday. They rose the day before for the first time since April 9.

Republic Gold Ltd., an Australian minerals explorer, plans to start a gold mine in Bolivia next year. The company will be producing 100,000 ounces of gold annually at the $35 million Amayapampa mine in the fourth quarter of next year. Amayapampa, located in the Andes about 400 kilometers (240 miles) southeast of La Paz, holds reserves for 1.1 million ounces of gold.

Gold inched lower in the previous session however pulled back during the close. Thus taking support around $ 920. Thus Gold is expected to remain range bound between $920-930 during the day.

Gold: Gold moved lower in the previous session, however it managed to close above the 14800 levels which is a positive signal. One can remain long in gold during the session with Support of 14800, breaching this levels can trigger downside till 14725-35.