Gold was largely flat on Tuesday after a sharp rise the previous day when worries about the health of the U.S. banking sector hit equity markets, enhancing the safe-haven appeal of precious metals.
FUNDAMENTALS
* Gold was at $884.70 per ounce at 0010 GMT, up 0.06 percent from the notional close in New York of $884.15.
* The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust , said holdings remain unchanged at 1,105.98 tonnes as of April 20. [GOL/SPDR]
MARKET NEWS
* The euro hit a one-month low against the yen on Tuesday. [USD/]
* Japan's Nikkei stock average lost 2.6 percent on Tuesday after Bank of America's earnings revived fears about the health of the U.S. financial system. [.T]
* U.S. stocks fell more than 3 percent on Monday after Bank of America's results. [.N]
* Oil slid over 8 percent to under $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.
