Gold held steady on Thursday but was still near its lowest in nearly four months, following a two-day sell off from a stronger dollar and firmer global equities.
Spot gold was flat at $1,258.90 an ounce by 0030 GMT, after losing nearly 3 percent in the previous two sessions.
On Wednesday, the metal hit $1,255.66 – its lowest since early February. A stronger dollar makes gold more expensive for holders of other currencies, while higher equities dent gold’s appeal as an investment-hedge.
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