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Gold steady as Fed caution on global economy pressures dollar

Updated : November 19, 2018 11:18 AM IST

Spot gold was little changed at $1,220.70 per ounce at 0417 GMT, having gained about 0.7 percent in the previous session.
Fed policymakers on Friday signalled further interest rate increases ahead, even as they raised relatively muted concerns over a potential global slowdown, leading markets to suspect the tightening cycle may not have much further to run.
Investors were also cautious on conflicting signals on the chance of a truce in the Sino-US trade dispute.
Gold steady as Fed caution on global economy pressures dollar
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