Gold steadies above $931 as dollar weakened against euro

During Friday trading gold prices moved up slightly, steadying above $931 per ounce as the dollar tumbled against the single currency, with deeper concerns over the US economic outlook also underpinning the metal.

By 7:09 a.m. EDT Spot gold stood at $932.65, that is up from $928.65 lateThursday in New York. Previously, bullion surged to $933.50. After a week of tracking an unsteady dollar, gold is on track for a 0.6% fall on the week, bouncing back further from a 4-month high near $990 hit in early June.

Gold found support above $931 after falling on Thursday, when weaker-than-expected US non-farm payroll data sent investors piling into the relative safety of the dollar.

Dollar moves have recently proved influential in determining immediate interest for bullion from foreign investors, but the bleak jobs data and other mixed economic indicators have highlighted gold's core appeal as a harbor from risk.

U.S. gold futures for August delivery gained 0.2% rising to $933.10 per ounce, compared to $931.00 on the COMEX division of the New York Mercantile Exchange.

The SPDR Gold Trust holdings were traded at 1,120.55 tonnes as of July 2, unchanged from the previous business day.

Holdings in gold by ETF Securities, fell by 12,543.53 ounces as of July 2, according to a daily report from the company.

As of the other precious metals, spot silver edged higher to $13.43 per troy ounce compared to previous $13.38, platinum soared $1,182.00, at the same time palladium steadied at $248.50 from $249.00 previously.