* Gold to retrace to $1,394-technicals  
  ID:nL3N0DB4JX
       * Coming Up: U.S. durable goods orders; 1230 GMT   (Updates prices, adds quotes)     SINGAPORE, April 24 (Reuters) - Gold rose more than 1 percent on Wednesday on bargain hunting after a drop in the previous session, but pressure from a firm U.S. dollar, strong equities and daily falls in holdings by exchange-traded funds looks set to cap prices.     Although demand for gold bars, coins, nuggets and other products have surged after prices plunged to their weakest in more than two years, investor confidence is still reeling after bullion's spectacular fall.        U.S. gold  
  GCcv1
   for June delivery hit a session high of $1,424.90 an ounce, up more than 1 percent from the previous close and stood at $1,421.60 by 0209 GMT, up $12.80.        Cash gold  
  XAU=
   added $10.07 an ounce to $1,422.31. Spot gold prices sank to around $1,321 on April 16, the lowest in more than two years, in a sell-off that surprised ardent gold investors and bulls.     "While some physical buyers have been flocking to gold in light of lower prices, ETF investors seem to be heading the other way and cutting their exposure," said Edward Meir, metals analyst at futures brokerage INTL FCStone.    "Right now, we are seeing a mixed bag in the markets, with the precious group slightly higher, but both metals and energy are off in early trading."      SPDR Gold Trust  
  GLD
  , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.68 percent to 1,097.19 tonnes on Tuesday from 1,104.71 tonnes on Monday. The current holdings are at multi-year lows.  
  GOL/ETF
       <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^     For a 24-hour gold chart analysis:      
  http://graphics.thomsonreuters.com/WT1/20132404094653.jpg
      ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>     Gold, which has dropped about 15 percent this year, has been caught in a tug-of-war between physical buyers seeking bargains and wary investors cutting exposure to it on worries about central bank sales and prospects of easing inflation.     Premiums for gold bars soared to multi-year highs in Asia on Tuesday after a spate of physical buying led to supply constraints, with dealers in top consumer India expecting a surge in imports this month  
  GOL/AS
        Gold prices are expected to end 2013 at $1,450-1,550 per ounce, only partly recovering from a recent brutal selloff that shook investor confidence after 12 unbroken years of gains, a Reuters poll showed.  
  ID:nL5N0D92AY
        In other markets, shares in Asia are set to track global equities higher on Wednesday, but the euro remained under pressure despite a modest recovery after soft German data underscored the still-fragile state of the euro zone economy.  
  MKTS/GLOB
               Precious metals prices 0209 GMT   Metal             Last    Change  Pct chg  YTD pct chg    Volume   Spot Gold        1422.31   10.07   +0.71    -15.06   Spot Silver        23.03    0.13   +0.57    -23.94   Spot Platinum    1420.49    7.12   +0.50     -7.46   Spot Palladium    674.97    3.47   +0.52     -2.46   COMEX GOLD JUN3  1421.60   12.80   +0.91    -15.17        11707   COMEX SILVER MAY3  23.01    0.19   +0.82    -23.90         4471   Euro/Dollar       1.2993   Dollar/Yen         99.40               (Reporting by Lewa Pardomuan; Editing by Ed Davies)  ((lewa.pardomuan@thomsonreuters.com)(+65 68703834)(Reuters Messaging: lewa.pardomuan.thomsonreuters.com@reuters.net))   ((Multimedia versions of Reuters Top News are now available for:     * 3000 Xtra     :  visit  
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