Gold is sticking to a narrow trading range around $1,200 an ounce even after holdings in bullion-backed exchange-traded funds plunged to their lowest in a year. Bullion for immediate delivery was 0.2 percent lower at $1,198.74 an ounce as of 11:29 a.m. in London. In the last month, gold has traded within a range of about $31, with a high of $1,214.35 an ounce and low of $1,182.86 an ounce. The metal is “continuing its slow dance around $1,200,” Carlo Alberto De Casa, chief analyst at London-based brokerage ActivTrades Ltd., said in a daily note. The range has stuck even as holdings in bullion-backed ETFs dropped to ... (full story)