Gold regained some strength on Thursday after falling the previous day, though poor technicals and failure to sustain recent gains may spur selling. Gold rose above the 50-day moving average on Thursday as bargain hunters resurfaced but it remained below the 100-day moving average, with strong Chinese inflation data triggering worries about further monetary tightening. 'We have seen investors withdraw holdings in the SPDR ETF, which has stalled the upward trend seen since the end of February,' said David Barclay, commodity strategist at Standard Chartered in Hong Kong. Gold is trading at $1,109 as of 21:00pm, GMT, with a bearish trend. Gold's Pool-position is 19% Long, meaning that most Finotec clients are selling the precious metal.

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