(RTTNews) - The price of gold was steady above $1,380 Wednesday morning amid a firm U.S. dollar.
Gold for February delivery, the most actively traded contract, edged down $1.90 to $1,382.40 an ounce. Yesterday, gold advanced above $1,380 for the first time in six days amid lingering worries over the euro zone sovereign debt issues.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, edged down to 1,271.47 tons from 1,272.68 tons.
Meanwhile, the U.S. dollar was ticking higher versus the euro. In early trading, the euro rose against a basket of currencies as confidence over an upcoming Portuguese bond auction deflated financial worries in the region. The buck was moving higher against sterling and the yen, while edging lower versus the Swiss Franc.
Elsewhere, the prices of silver and platinum ticked higher in morning deals.
