(RTTNews) - The price of gold was steady above $1,390 Thursday morning amid a mixed U.S. dollar.
Gold for February delivery, the most actively traded contract, edged up $2.60 to $1,390.90 an ounce. Yesterday, gold inched up as the U.S. dollar paused for a breather following recent upsurge versus a basket of currencies.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, moved up to 1,293.89 from 1286.60 tons.
Meanwhile, the U.S. dollar continued to pare some of its recent gains versus the euro, while hovering near its 2-month high against sterling. The buck was trading relatively flat versus the Swiss Franc and the yen. The euro remained firm amid hopes that the European Central Bank will boost its efforts to support the euro zone economy.
Meanwhile, the ECB has left it rates unchanged at 1% in its today's meeting.
Elsewhere, the prices of silver and platinum were ticking higher in morning deals.
Focus will be on weekly jobless claims and pending home sales data from the U.S, due out later today.
Economists expect jobless claims to increase to 425,000 from 407,000 reported for the previous week and see pending home sales remain unchanged from the previous month.
