Gold tracked oil lower on Wednesday and was under pressure from firmer equities, but bargain hunting from jewellers and worries that violence in Libya and the Middle East could spread may support prices that have dropped from a lifetime high. Holdings in iShares Silver Trust, rose to 10,913.32 tonnes by March 8, their strongest since early January.
Spot gold shed $2.04 to $1,426.15 an ounce by 0706 GMT, off a record high of $1,444.40 an ounce struck on Monday.