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PRECIOUS-Gold steady on Europe woes, dollar weighs
Gold hovered around
$1,620 an ounce on Friday as investors remained nervous over the
euro zone debt crisis and sought safety in bullion, while a firm
dollar weighed on sentiment.
The dollar hovered near a one-year high against a basket of
currencies as worries about the euro zone’s fiscal stability
persisted.
Bullion has parted way with riskier assets, with which it
had moved in tandem over the past few months, as its safe-haven
appeal received a boost from reviving liquidity at the beginning
of the new year.
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