SINGAPORE (Commodity Online) : Gold prices remained mixed in Asian trade Thursday after Greek debt worries was countered by hopes of speedy recovery in US economy.
Gold for immediate delivery was seen trading at $1165.10 an ounce at 12.00 noon Singapore time after a notional close of $1,164.45 on Wednesday.
However US gold futures for June delivery dropped in early trade and was at $1166 an ounce at the same time.
The Federal Reserve offered a more upbeat view of the U.S. economy and employment prospects on Wednesday, even as it left interest rates on hold near zero and promised to keep them low for an extended period.
Meanwhile, the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust said holdings hit a record of 1,152.913 tonnes as of April 28, up 6.088 tonnes from the previous business day
On Wednesday, Gold for June delivery rose $9.60 to settle at $1171.80 an ounce on the Comex division of the New York Mercantile Exchange.Silver for May delivery fell 1.2 US cents to settle at $18.107 per fine ounce.Copper for May delivery settled up 0.5 US cents at $3.3685 per pound.