(Image source from: Gold recovers some of its sheen})

After recording a slump of  25 per cent in last seven months, gold prices are steadying now, thanks to the international political unrest pervading over Europe and Egypt.

For the second time in this week, on Thursday, gold prices scaled up, as political turmoil in Portugal and Egypt created a safe-haven for gold  traders.

Commenting on the rise, a  gold investor in Hong Kong said: "It is typical safe-haven buying. But we don't know if the upside will continue. The nonfarm report tomorrow is important for gold."

The U.S. nonfarm payrolls data to be released on Friday would be instrumental in deciding on when the Federal Reserve would start acuminating its $85 billion monthly bond buying stimulus.

Prices of gold rose by 0.3 percent ton Thursday, after gaining almost 1 percent on Wednesday.

AW: Suchorita Dutta