London: Gold rose on Friday, steadying above $931 (Dh3,417) per ounce as the dollar lost ground versus the euro, with deeper concerns over the US economic outlook also underpinning the metal.
Spot gold stood at $932.65 by 1109 GMT, up from $928.65 late Thursday in New York. Earlier it rose to $933.50.
After a week of tracking a volatile dollar, gold is on track for a 0.6 per cent fall on the week, retreating further from a four-month high near $990 hit in early June.
The precious metal 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.
