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Gold holds firm on trade, growth worries; heads for weekly fall


By Sethuraman N R(Reuters) - Gold held steady on Friday on worries that a prolonged Sino-U.S. trade war could worsen global economic slowdown, but a strong dollar put bullion on track for its first weekly loss in three. Spot gold was steady at $1,309 per ounce, as of 0700 GMT, after the metal hit its lowest since Jan. 29 at $1,302.11 on Thursday. U.S. gold futures were down 0.1 percent at $1,312.70. U.S. President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal. The two countries ...

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First Published: Fri, February 08 2019. 12:53 IST