Gold steady as renewed economic concerns support

On Friday, Gold prices were steady as disappointing data from the U.S. and Europe renewed concerns over the economic recovery, keeping market sentiment supported.

The press release is quoted as saying:

Spot gold was little changed at $1,293.7 an ounce by 0627 GMT, below the record high of $1,296.1 hit on Wednesday. Gold is headed for a weekly gain of 1.5 percent, the second consecutive week of gains.

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