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Gold little changed as fears of larger US-Iran conflict ease

Gold little changed as fears of larger US-Iran conflict ease

Thursday, January 9, 2020, 8:17 AM

Gold prices were steady on Thursday, retreating from the near seven-year peak hit in the previous session, as a softening rhetoric by the US and Iran allayed concerns of a larger military conflict. Spot gold was unchanged at $1,555.51 per ounce by 0031 GMT. Prices hit their highest since March 2013 at $1,610.90 on Wednesday. US gold futures fell 0.3 per cent to $1,555.90.
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