(RTTNews) - The price of gold was little changed Friday morning amid a mixed dollar. Gold for August delivery, the most actively traded contract, edged down $0.80 to $1,221.40 an ounce. Gold retreated in the past sessions after hitting an all-time high of $1,252.10 intra-day Tuesday as the recent upsurges in the euro and global equity markets weighed on sentiment. Meanwhile, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, advanced to a fresh all-time high of 1,306.14 tons from 1,298.53 tons. In news bullish to gold, UBS AG in its recent report noted that gold will climb to $1,500 an ounce on concerns that euro zone financial turmoil will escalate. Meanwhile, the U.S. dollar continued to level off from its 4-year high versus the euro. The greenback was trading firm against the British pound and the yen.. Elsewhere, the price of silver ticked lower and platinum edged up in morning deals. Today, traders will look to the retail sales data from the U.S. Commerce Department to get clues on the strength in the recovery of the economy. Also, the University of Michigan's survey of consumer sentiment index for June and data on business inventories for April from the Commerce Department will be eyed. by RTT Staff Writer

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