Prices could be at risk of losing momentum as outflows from gold funds continue and physical demand in Asia remains weak, some traders said.
Trend: Consolidate | Strategy: Buy on dips
R1- 28980, R2- 29350| S1-28450, S2- 28050
Fundamentals on Gold:
*Spot gold eased 0.08 percent to $1,317.35 an ounce by 0025 GMT, after three straight days of gains. The precious metal is up 1.2 percent for the week.
*It hit a high of $1,324.40 on Thursday - its highest since March 24.
*SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.26 tonnes to 806.22 tonnes on Thursday.
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