Gold trading range for the day is 28322-28942.

Gold traded slightly higher as markets continued to be wary of developments surrounding Spain’s fiscal health.

Gold plunged to the lowest levels of the session in the aftermath of a closely-watched Spanish debt auction.

Gold prices moved higher following the release of unemployment rose to the highest level since January.

Gold is trading above 50DMA, which is at 28486, now intraday gold is holding support at 28322 and resistance at 28942.