UPDATE 6-Gold climbs to 1-week high on postion squaring


(Updates prices in afternoon, adds comment) By Atul Prakash LONDON, Feb 17 (Reuters) - Gold rose to a one-week high on Friday afternoon, surpassing the $550 an ounce level, as operators squared positions ahead of a long holiday weekend in the United States, traders said. U.S. futures traded higher on the New York Mercantile Exchange in a shortened session on short covering, helping keep the market in the plus column. U.S. markets will be shut on Monday for the country's Presidents Day ...

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