Gold prices rise

NEW YORK/LONDON, Apr 30 (Reuters): Gold rose on Friday as forecast-beating euro zone inflation data boosted the euro versus the dollar, while global stock markets retreated from Wednesday's record highs on concerns about global trade.
The euro rose toward 5-1/2-month highs as the data was seen as keeping pressure on the European Central Bank to start dialing back stimulus measures as early as June. That lifted gold, which is priced in the US currency.             
Spot gold        was up 0.3 per cent at $1,266.9 an ounce by 2:42 p.m. EDT (1842 GMT), on track to close April up 1.5 per cent.
US gold futures        for June delivery settled up 0.2 per cent at $1,268.30.
"At this point, $1,300 looks like it's more appealing for gold than $1,100," ING analyst Hamza Khan said.
"A bit more weakness in the dollar, combined with more movements around North Korea, could be the situation that sets the stage for higher gold prices."
Jitters over tensions in the Korean peninsula and the threat of a strong showing from an anti-European Union candidate in the French elections helped drive gold higher last week.