CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28400 R1-28100 S1-27500 S2-27200
Gold trimmed losses after official data showed that U.S. new home sales fell to a four-month low in July.
Fed has said it would wait a "considerable time" after winding down a stimulative bond-buying programme in October before raising rates.
SPDR gold trust holdings dropped by 2.99 tonnes i.e. 0.37% to 797.09 tonnes from 800.08 tonnes.
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