By Leia Toovey- Exclusive to Gold Investing NewsGold prices inched higher on Friday, heading for their second weekly advance as a stalling greenback and uncertainty in the Eurozone coaxed investors back into the safe haven investment. On Friday, the US dollar was falling against most major currencies due to the release of negative data regarding the state of the world's largest economy. The Thomson Reuters/University of Michigan consumer sentiment index for early October fell to 57.5 from 59.4 at the end of September. Economists forecast that it would increase to 60.0. In addition, the greenback was weak relative the euro over expectations that European leaders will announce a comprehensive plan to prevent a debt crisis from paralyzing the region. In its monthly bulletin Thursday, the European Central Bank said the economic outlook “remains subject to particularly high uncertainty and intensified downside risks.” Analysts are uneasy about the health of the region's economy and would like to see leaders act swiftly, and aggressively, to stave off a financial crisis. On Thursday, Standard and poor's, downgraded Spain's economy, citing “slowing growth” and the increased risk that the “rising defaults,” will wreak havoc on the country's banks. Currently, the G20 is in meetings, and reportedly, the top topic of conversation is how to prevent financial disaster in the Eurozone. Earlier, the emerging economies had suggested that the IMF may need more cash, to make available to the Eurozone, in case the current crisis intensifies. Today, however, the leaders of The US, the UK, Canada, Japan, and Australia opposed providing more funds for the IMF, saying that it is not the responsibility of the taxpayers of those countries to bail out the Eurozone. So far this year, gold has both rallied, and fell, in response to the ongoing Eurozone crisis. Since touching a record high $1,923.70 an ounce on Sept. 6, gold has slumped as much as 20 percent, the metal's biggest slide in three years, as investors sold gold holdings in order to cover for losses in other markets. The September sell-off resulted in a loss of 4.2 trillion from global equity markets.