Gold, silver steady in Asia

20 May, 2011

Silver and gold steadied on Thursday, as a softer dollar and rising oil prices continued to support sentiment a day after commodities notched up their biggest gain in two months. Spot gold was little changed at $1,494.86 an ounce by 0617 GMT, below the 30-day average at $1,499.67. US gold was nearly flat at $1,494.70.
Spot silver gave back most of early gains to $35.07, up 0.2 percent. It was poised for a third consecutive day of rise, after rising for more than 3 percent in the previous session. US silver was little changed at $35.08.

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