Gold Prices Steady As Central Banks Promise Policy Action

CNBC News reported that gold prices were stable Friday ahead of Greek elections and a pledge for credit policy action by central banks.

As quoted in the market news:

Spot gold was at $1,624.80 an ounce at 0923 EDT against $1,622.30 late on Thursday. Prices are set to rise nearly 2 percent this week after soft U.S. data and speculation the euro zone crisis could hamper U.S. growth fuelled talk of more quantitative easing from the Federal Reserve.

Click here to read the full CNBC News report.