PRECIOUS-Gold flat, tumbles then recovers after Fed

* Gold recovers from knee-jerk decline after Fed statement
* Fed offers few clues on further easing
* Funds have reduced bullish gold positions

(Recasts, updates prices, market activity, adds second byline,
dateline, previously LONDON)
By Frank Tang and Jan Harvey
NEW YORK/LONDON, April 25 (Reuters) - Gold was flat on
W ednesday in a volatile session that saw the precious metal
tumble $10 an ounce after the Federal Reserve ended a two-day
policy meeting, then quickly recover

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