Gold Steady, On Track For First Monthly Loss In Three - Indian Stock Market Tips

Gold prices held steady early on Friday just above the previous session's six-week low, supported by a weaker dollar, but remained on course for their biggest monthly fall this year.

Fundamentals

* Spot gold was nearly unchanged at $1,286.86 per ounce at 0044 GMT, on track for a monthly drop of about 2.7 percent. That would mark its largest monthly decline so far in 2017 and the first such fall in three months.

* The metal was also on track for a third straight weekly decline, although it looks set to end the quarter up around 3.7 percent.

* U.S. gold futures for December delivery edged up 0.1 percent to $1,289.80 per ounce.

* The dollar slipped against a basket of currencies on Thursday, snapping a three-day winning streak, as investors looked to take profits on the greenback's rally this week ahead of the end of the quarter.

* Japan's industrial output rose 2.1 percent in August from the previous month, preliminary government data showed on Friday.

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