Gold steadied above $1,110 an ounce on Thursday, after briefly trimming gains when strong growth data from China increased concern that Beijing may rein in the country's rapid expansion and sent the dollar higher. The allure of gold as a hedge against a weakening dollar was sapped when the euro fell to a five-month low below $1.4080 after the Chinese data, while the dollar index rose to its highest in four months.
Copyright Reuters, 2010