Spot gold traded steady after dipping almost one percent in the last session. Weak dollar, slothful physical demand and improving US economic outlook weighed down prices. Positive economic releases from US during the recent times also increased investors’ confidence over US economy. Cheerful global equities caused some investors to taken out of their money from gold, which reduced its safe-haven appeal. Meanwhile holdings of SPDR Gold Trust, world’s largest gold-backed ETF, have slipped 0.23 percent to 1290.24 tonnes on yesterday, the first drop after staying unchanged for the last few trading session.......
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