SINGAPORE (Commodity Online) : Gold prices advanced in Asian trade Tuesday as the dollar eased against the euro ahead of the quarter end.

Gold for immediate delivery was seen trading at $1110.39 an ounce at 11.30 a.m Singapore time while April delivery was at $ 1110.24 an ounce at the same time.

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However, other precious metals like Silver, Platinum and Palladium lost strength after rallying in the previous session on news that China's annual economic growth will reach 12 percent this quarter following strong industrial output growth last month.

On Monday, spot Gold ended at $ 1108.2 an ounce while April delivery closed at $1,110.30 per fine ounce. May Silver rose 48.1 cents to settle at $17.387.May Copper settled up 13.25 cents at $3.5355 per pound

Gold prices hovered below a 100-day moving average and were 2 percent below a 1-week high at $1,132.80 hit on March 17.

Meanwhile, world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings stood at 1,129.823 tonnes as of March 29, up 5.176 tonnes from the previous business day.

The euro inched up on Tuesday as investors pared some of their record short positions ahead of the quarter-end and with sentiment also boosted by Greece's ability to raise money from the debt market


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