Friday, September 24, 2010 3:06:53 AM
Gold prices were steady on Friday as disappointing data from the U.S. and Europe renewed concerns over the economic recovery, keeping market sentiment supported.
New claims for unemployment benefits in the U.S. rose last week, and Ireland's economy shrank 1.2 percent in the second quarter.
Spot gold [XAU=X 1293.4 -0.10 (-0.01%) ] edged down half a dollar at $1,293.05 an ounce, 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.
http://www.cnbc.com/id/39336031
New claims for unemployment benefits in the U.S. rose last week, and Ireland's economy shrank 1.2 percent in the second quarter.
Spot gold [XAU=X 1293.4 -0.10 (-0.01%) ] edged down half a dollar at $1,293.05 an ounce, 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.
http://www.cnbc.com/id/39336031
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