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Gold steadies as dollar weakens further
Gold prices steadied on Thursday to trade nearly flat after rising nearly 1 percent in the previous session as the dollar extended its swoon amid reduced expectations for U.S. interest rate hikes next year. The dollar suffered its biggest drop in five months on Wednesday after minutes from the U.S. Federal Reserve showed "many participants" were concerned inflation would stay below the bank's 2 percent target for longer than expected. The greenback was still nursing losses on Thursday, supporting dollar-priced gold by making it cheaper for non-U.S. investors. Spot gold settled 0.1 percent lower at $1,290.80 per ounce ... (full story)