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Asia gold demand steady as buyers await bigger dips, riskier investments beckon


By Vijaykumar Vedala and Rajendra JadhavMUMBAI/BENGALURU (Reuters) - Physical gold demand was steady this week in most Asian centers as buyers hoped for further price dips amid growing appetite for riskier investments, while a slide in local rates failed to restore bullion's allure in India. Benchmark spot gold edged higher to around $1,277 an ounce on Friday, but was still trading near a 3-1/2-week low touched on Thursday amid a surge in U.S. equities. "Demand picked up over the last couple of days in Singapore and most of southeast Asia as prices came off a bit. But for the week, there ...

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First Published: Fri, December 01 2017. 19:30 IST