(RTTNews) - The price of gold was ticking higher in Asian trading Friday even as the U.S. dollar remained firm.
Gold for April delivery, the most actively traded contract, were up $5.00 to $1,733.50 an ounce. Yesterday, gold ended flat on some upbeat U.S. economic data amid lingering concerns over Greece's sovereign debt crisis. Prices were also supported by higher oil prices fueling inflation concerns.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, moved up to 1,281.28 tons from 1,278.26 tons.
