SINGAPORE (Commodity Online) : Gold prices remained volatile in Asian trade Monday as the dollar eased while improvement in the global economy reduces demand for haven investments.

Spot gold was seen trading at $1134.14 an ounce at 12.00 noon Singapore time while Gold for April delivery rose $2.10 to settle at $1,135.20 an ounce at the same time.

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Analysts said the precious yellow metal ticked higher Monday on a firmer euro after ending about $20 higher last week as a sovereign debt crisis in Greece ignited safe haven buying, which also sent euro-priced bullion to record.

The dollar dropped for a second day against a basket of six currencies, including the euro and yen.

Asia’s benchmark MSCI Asia Pacific stock index rose to a six-week high after a report showed the U.S. lost fewer jobs than forecast, and as French President Nicolas Sarkozy said the euro region is ready to rescue Greece if necessary.

The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings stood at 1116.120 tonnes as of March 5, up 0.609 tonnes from the previous business day.

Among other precious metals, Silver was little changed at $17.37 an ounce, Platinum rose 0.2 percent to $1,581.50 an ounce and Palladium fell 0.5 percent to $475.75 an ounce.

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