Gold swings between gains and drops on Wednesday

Gold traded in London went through gains and losses on Thursday heading for the second drop in a quarter after holdings in ETPs decreased 6.9% in the first three months of 2013 and as investors weighted the Eurozone's financing crisis betting on U.S. recovery. March Gold futures declined 0.1% to $1,603.88 an ounce at 10:14 a.m. in London following a 0.2% climb and a 0.1% drop on Thursday.