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Gold prices steady off 8-year high as risk appetite sharpens

Gold steadied on Thursday off the previous day’s near eight-year peak as

investors’ appetite for higher-risk assets like stocks improved following

encouraging coronavirus vaccine trials, and ahead of US jobs data later in

the day.

Spot gold was little changed at $1,770.79 per ounce by 0945 GMT, easing

from a near eight-year high of $1,788.96 it hit on Wednesday. US gold

futures rose 0.2 per cent to $1,783.60 per ounce.

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