LONDON: Gold remained firm in Europe on Friday, having recovered early losses related to a surge in the dollar. Gold priced in euros hit a record high of 825.96 euros an ounce as investors sought to diversify away from the beleaguered single currency.
Spot gold was bid at $1,115.25 an ounce at 1429 GMT against $1,111.40 late in New York on Thursday, well off an earlier low of $1,098.55.
US gold futures for April delivery on the COMEX division of the New York Mercantile Exchange were down $2.70 to $1,115.30 an ounce.
Silver was at $16.11 an ounce against $15.84, platinum at $1,512 an ounce against $1,514, and palladium at $431 against $429.50.
Copper stables: Copper steadied on Friday. Benchmark copper for three-month delivery on the London Metal Exchange traded at $7,295 a tonne at 1443 GMT from a last bid at $7,260 on Thursday. It earlier hit a low of $7,115, down 2 percent on the day.
Aluminium traded at $2,110.50 a tonne versus $2,114. On Thursday, aluminium cancelled warrants were at 301,725 tonnes compared with 243,175 tonnes on Jan 19.
Among other base metals, steel making ingredient nickel traded flat at $20,450 a tonne while battery material lead was at $2,325 from $2,319.
Zinc traded at $2,296 a tonne from $2,310 and tin was at $16,900 from $17,050. reuters
