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Gold prices steady as U.S. dollar firms

Gold prices held steady on Thursday as the U.S. dollar firmed following overnight losses after the release of minutes from the last U.S. Federal Reserve meeting, which suggested a cautious approach to interest rate hikes. 

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 FUNDAMENTALS 

* Spot gold had crept down 0.1 % to $1,236.30 per ounce at 0109 GMT, while U.S. gold futures rose 0.4 % to $1,237.6. 

* Many Fed policymakers said it may be appropriate to raise interest rates again "fairly soon" should jobs and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting. 

*Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the Fed minutes. The dollar index was up 0.1 percent at 101.37. 

 * Holdings of the largest gold-backed exchange-traded-fund (ETF), New York's SPDR Gold Trust, remained unchanged on Tuesday from Friday.

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