Gold swings between gains and losses amid outflows from ETPs

Gold fluctuated on Wednesday moving up slightly during Asian trading hours and reversing during trading hours in Europe and U.S. as buyers were lured by a 3.3% fall recorded in last four sessions and by further outflows from ETPs. Bullion for immediate delivery was little changed at $1,425.79 as of 12:33 p.m. in Singapore, while June gold futures were at $1,424.70 on the New York's Comex.