SINGAPORE (Commodity Online) : Gold prices recovered in Asian trade Friday as the dollar eased against euro ahead of a crucial US retail sales data.

Gold for immediate delivery was seen trading at $1110.17 an ounce at 11.30 a.m Singapore time while gold futures for April delivery was at $1111.02 an ounce at the same time.

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In early Asian trade, the euro was a tad up at $1.3685 from $1.3677 late in New York on Thursday, when it rose a little over 0.1 percent.

Analysts however said the precious yellow metal remained volatile on concerns that a possible monetary tightening by China might weigh on bullion.

On Thursday, spot gold fell as low as $1,100.04 an ounce and was bid at $1,104.55 an ounce against $1,107.85 late in New York on Wednesday.

Meanwhile, the world's largest gold-backed exchange-traded fund, SPDR Gold Trust said its holdings stood at 1,115.511 tones as of March 11, unchanged from the previous business day.

Bullion climbed 24 per cent last year as central banks maintained low interest rates and spent trillions to stimulate economies. The metal reached a two-week low Thursday on speculation that demand will slow as the Greek financial crisis eases.

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