(RTTNews) - The price of gold was firm in Asian trading Friday even as the U.S. dollar steadied versus a basket of currencies.
Gold for April delivery, the most actively traded contract, edged up $5.00 to $1,703.70 an ounce. Yesterday, gold ended higher near $1,700 on global cues anticipating a resolution to the Greek debt swap deal. Prices were also fueled by inflation concerns on the reported bond buying program being considered by the U.S Federal Reserve.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,293.68 tons.
