Gold edged down on Wednesday as investors shifted some of their money into firming equities, while a drop in ETF holdings could prompt more selling as bullion struggles to hold above $1,190 an ounce. Gold, which hit an intraday low of $1,188.35 an ounce, fell $2.60 to $1,188.80 by 0537 GMT.
The world's largest gold-backed exchange-traded fund, SPDR Gold Trust said its holdings fell nearly 0.5 percent to 1,308.128 tonnes by July 20 from 1,314.211 on July 15. The holdings hit a record at 1,320.436 tonnes on June 29.