FUNDAMENTALS
* Spot gold edged up $1.05 to $1,437.25 an ounce by 00:36 a.m. GMT (8:36 p.m. edt), after arching to $1,440.90 in the previous session, just off the record high of $1,444.40 hit on March 7.
* U.S. gold futures were little changed at $1,437.50.
* Spot silver edged down 0.3 percent to $37.24, after hitting a 31-year high at $37.40 on Wednesday.
* Sentiment in gold was buoyed by record-low U.S. home sales which could slow the economic recovery and triggered talk that the central bank might continue easier monetary policy beyond its $600 billion bond purchase program.
* Portuguese Prime Minister Jose Socrates resigned after parliament rejected his government's latest austerity measures, heightening concerns on the euro zone's sovereign debt problems and feeding safe-haven demand in bullion.
* The crisis in the Middle East and North Africa deepened as Palestinian rockets attacked Israel, while fighting in Libya continues.
MARKET NEWS
* U.S. stocks advanced on Wednesday as materials shares rose, but rising commodities prices due to turmoil in the Middle East and North Africa could keep rallies modest. .N
* U.S. crude oil held steady on Thursday, after ending the previous session at a 2- year high on Middle East unrest.
* The euro steadied against the dollar on Thursday, holding well on prospects of an interest rate hike next month and expectations that European policymakers have the will to resolve the debt crisis.
Gold is very best investment nowadays
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