By Jan Harvey LONDON (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 (10:37 a.m. EDT) from $932.70/934.70 late in New York on Thursday. Traders see the market well supported above $930 an ounce, as inflation fears driven by high oil prices boost the precious metal's appeal as a hedge. "Indicators are still positive for gold -- high energy prices (and) the...
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