RTT: old Steady Near $1,530 Amid Euro Zone Worries
(RTTNews) - The price of gold was steady near $1,530 Wednesday morning amid a mixed U.S. dollar.
Gold for June delivery, the most actively traded contract, was up $5.00 to $1,528.30 an ounce. Yesterday, gold moved up amid lingering worries over the euro zone debt situation and weak U.S. dollar.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, moved up to 1,214.08 tons from 1,209.53 tons.
Meanwhile, the U.S. dollar was trading flat versus the euro, while ticking lower against sterling. The buck slipped to a 3-week low versus the Swiss franc, while ticking higher against the yen.
The Gfk Institute released the results of its forward-looking survey, which showed that German consumer sentiment is set to weaken further in June. The overall consumer confidence indicator is set to decline to 5.5 in June from 5.7 in May.
Elsewhere, the prices of silver and platinum were ticking higher in morning deals.
In economic news, the U.S. Commerce Department is scheduled to release its durable goods orders report for April at 8:30 a.m. ET. Economists expect orders to show a 3 percent drop, pressured by weakness in transportation equipment.
