Gold steady, firm dollar weighs after upbeat U.S. data

13 December 2010  Reuters

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 Gold edged back up above $1,390 an ounce in Europe on Monday as last week's price dip of more than 2 percent brought physical buyers back to the market, with concern over the outlook for theeuro zone also lending support.

Spot gold was bid at $1,390.30 an ounce at 1001 GMT, against $1,383.15 late in New York on Friday. U.S. gold futures for December delivery rose $6.80 an ounce to $1,391.10.

http://www.reuters.com/article/idUSTRE6B60B520101213