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Gold steady, seeks to find footing after heavy losses

Updated : July 25, 2018 06:36 AM IST

Gold has shed more than 10 percent since touching a peak of $1,365.23 in mid-April, largely hit by a stronger dollar amid US interest rate hikes. Last week it hit a one-year low.
Gold could see volatility with sharp, brief moves higher on short-covering since speculative short positions were at the highest levels since late December
Iran dismissed on Monday an angry warning from US President Donald Trump that Tehran risked dire consequences if it made threats against the United States.
Gold steady, seeks to find footing after heavy losses
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