Gold firms near 1-week high on dollar, physicals

3 August 2010  Reuters

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Gold held steady near a one-week high on Tuesday as a weak U.S. dollar spurred early buying from investors, while jewelers were also expected to snap up the metal before festive seasons in India and Indonesia.

But trading was thin ahead of a trail of U.S. data such as June personal income, June factory orders and July auto sales, offering clues on the health of the economy. Platinum and palladium failed to sustain early gains.

http://www.reuters.com/article/ousivMolt/idUSTRE66L3OF20100803