Gold steady as inflation fears balance firmer dollar * Palladium slips 2.5 pct, platinum down on demand fears * Silver dips 1 pct on hopes Peru strike nearing end By Jan Harvey (Updates prices, recasts, adds detail) LONDON, July 4 (Reuters) - Gold was steady in Europe on Friday as fears over rising inflation balanced the effects of a strengthening dollar and slipping oil prices. Concerns over rising prices are firmly underpinning the metal, and could take it to its third consecutive weekly gain. The metal ended last Friday at $927.15 an ounce. Trading was light on Friday with New York closed for the Independence Day holiday, potentially leading to increased volatility in the market. Gold was little changed at $932.10/933.10 an ounce at 1437 GMT from $932.70/934.70 late in New York on Thursday. Traders see the market...
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