selling stocks

Gold was observed to held steady on Friday near a two-month high, due to the US dollar remaining weak and US data on jobless claims and business conditions denying hopes for a quick return to growth.

Gold has already risen about 2.6 per cent this week, and is expected to rise further, as current prices prompt some to take profit while others halt investment in gold-backed exchange-traded funds. Gold reached as high as $US955.95 on Thursday, its highest since March 23 of $US966.