Gold slips after 1 percent gain; ETFs at 4-year low

SINGAPORE (Reuters) - Gold edged down on Thursday, after rising more than 1 percent in the previous session, as speculators booked profits and investors cut their holdings on bullion exchange-traded funds to their lowest since early 2009.

FUNDAMENTALS

* Spot gold fell $2.78 an ounce to $1,469.41 by 0045 GMT, with gains in equities also weighing on prices. Gold hit an intraday high around $1,476 on Wednesday on physical buying and a drop in the dollar against the euro.

* U.S. gold was at $1,468.90 an ounce, down $4.80.

* SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.60 percent to 1,051.47 tonnes on Wednesday from 1057.79 tonnes on Tuesday.

* The U.S. Mint will limit dealers' purchases of its "America the Beautiful" five-ounce silver bullion coins when they go on sale next week, reflecting soaring physical demand after a sharp selloff in precious metals.

(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)

 
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  • Currencies
    Currencies
    NamePriceChange% Chg
    1.26500.00+0.08%
    USDSGD=X
    1.63590.00+0.07%
    EURSGD=X
    1.9090-0.00-0.03%
    GBPSGD=X
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    2.3987-0.00-0.08%
    SGDMYR=X
    7,726.9380-4.81-0.06%
    SGDIDR=X
    4.8483-0.01-0.13%
    SGDCNY=X
    1.2239-0.01-0.62%
    AUDSGD=X
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    Commodities
    NamePriceChange% Chg
    1,391.50-0.30-0.02%
    GCM13.CMX
    22.49-0.02-0.10%
    SIN13.CMX
    101.85
    ^XAU
    3.29-0.01-0.33%
    HGN13.CMX
    93.66-0.59-0.63%
    CLN13.NYM
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    5RJ.SI
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    I26.SI
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    5HC.SI
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    543.SI
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