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Spot gold was down 0.5 percent at $1,210.50 an ounce by 0058 GMT, just off a session-low of $1,209.26. That was the weakest level for cash bullion since Feb. 23.
Russia and Kazakhstan extended their gold buying spree in February by adding to their bullion reserves, while Malaysia and Turkey cut their bullion holdings, data from the International Monetary Fund showed on Friday
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose to26.48 million ounces on Thursday, the highest since December 2013.
Speculators increased their net long position in Comex’s gold between 16 – 22 Marchs by 14,805 contracts from 146,805 to 161,610 contracts according to CFTC
However, in the period, gold price raised around 1.43 percent that On 15 march, Comex’s gold settled at 1,231 USD per an ounce, while on 22 march, the contract settled at 1,248.6 USD per an ounce
Reference : Reuters, CFTC
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