Thu Mar 1, 2012 12:45am GMT

SINGAPORE, March 1 (Reuters) - Spot gold gained more than half a percent on

Thursday, pulling back from a fall of 5 percent in the previous session after

U.S. Federal Reserve Chairman Bernanke failed to signal further bond buying, dashing
hopes of more monetary easing.

FUNDAMENTALS 
    * Spot gold rose 0.6 percent to $1,705.19 an ounce by 0020 GMT, after posting

 its biggest one-day drop in more than three years.

Gold will remain attractive as long as real interest rates stay low, analysts

have said.

In contrast to a selling frenzy in spot and futures markets, the SPDR Gold Trust,

the world's biggest gold-backed exchange-traded fund, gained 0.7 percent on the day
to 1,293.676 tonnes, its highest in two and a half months.

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