Gold Prices Hold Near 1-Week Lows On Stronger Dollar

Gold on Thursday held near one-week lows touched in the previous session amid a stronger dollar, but worries over slowing global economic growth and the spectre of another US government shutdown kept the safe-haven metal above the key $1,300-level. 

Spot gold was steady at $1,306.81 per ounce at 0050 GMT. Prices fell 0.7 per cent in the previous session in their biggest one-day drop since Jan. 18, at one point touching their lowest since Jan. 29 at $1,305.30. 

US gold futures were down 0.3 per cent at $1,310.70. 

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