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HONG KONG: Gold closed easier in quiet trade with major players staying away on a lack of incentives, dealers said.

Bullion ended at US$382.60/383.10 against New York's US$382.80/383.30 close on Wednesday.

"Players were hestitant to take big positions in sluggish trade but the direction was slightly south on lack of positive factors," said a local bullion dealer.

Dealers expected gold to remain trapped in a US$382 to US$384 range with investors watching U.S. dollar movements for hints. Local gold closed HK$3.00 up at HK$3,526 a tael.-Reuter