Gold ticks up in Asia

Gold ticked up on Tuesday after the euro bounced from a two-week low, but a rally in global stock markets and improved prospects of economic recovery were likely to cap gains. Spot gold added $1.44 to $1,351.90 an ounce by 0713 GMT, still well below a lifetime high around $1,430 an ounce hit in December. The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings slipped to 1,228.864 tonnes by February 4 from 1,229.277 tonnes on February 3.