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Gold steady but lacks upside momentum despite trade war fears

Reuters  |  LONDON 

By Maytaal AngelLONDON (Reuters) - Gold steadied on Thursday as the dollar came off the boil, though the market lacked direction and seemed unable to capitalise on escalating trade tensions. Stock markets and commodities regained some poise after a turbulent session on Wednesday when the United States ratcheted up trade war threats on China, while the dollar held at a nine day high. [FRX/] [MKTS/GLOB]The dollar's failure to push ahead, especially against the euro, is viewed by some market watchers as a sign it may have peaked for now as the Federal Reserve might slow its cycle of rate ...

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First Published: Thu, July 12 2018. 17:05 IST