Gold rises as dollar slips back

UK - Gold shone on Friday morning in Europe as the dollar slipped against other currencies and producer selling seen earlier this week eased off, leaving prices with a chance to head up, traders said.

The spot price picked itself up from an overnight low of US$304.25 an ounce after Wall Street stocks took a dive on the back of gloomy economic data out of the United States, and the euro regained some of its strength against the dollar.

"Everyone seems to have a bit more confidence in it," one L

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