CP Update: Gold

Gold fell for a sixth session on Thursday in its longest losing streak since March 2009, after holdings in exchange-traded funds fell to their lowest in four years as rallying stock markets dulled bullion's safe-haven appeal.

Spot gold had dropped 0.3 percent to USD 1,388.15 an ounce by 0033 GMT after hitting its weakest since April 19 at 1,386.89 an ounce.

US gold eased 0.64 percent to USD 1,387.30.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.43 percent to 1047.14 tonnes on Wednesday from 1051.65 tonnes on Tuesday, their lowest since March 2009.

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