GOLD continued to move higher on Wednesday boosted by short-covering after initial market disappointment following the Bank of England’s fifth gold auction on Tuesday. The metal was last bid at $290,05 an ounce. “We saw better international markets overnight, particularly Wall Street. Bullion is up and we had the release [on Wednesday morning) of Anglo results which were much better than expected,” said a dealer. Tuesday’s auction drew reduced interest with the sale only oversubscribed 3,0 times compared to the 4,3 times at the previous sale in January. Analysts said, however, in the wake of the weak auction result, gold may fall lower below initial support at $282,00 this week.