Gold futures steadied today as the dollar was little changed versus major rivals.
The precious metal has lost some of its appeal this week as markets reacted with calm to the election of underdog Donald Trump as president. The dollar’s advance to yearly highs also weighed on gold.
Dec. gold climbed $2.80, or 0.2%, to settle at $1,224.50/oz, a slight improvement from the recent multi-week low.
Upside was capped by hawkish comments from Boston Federal Reserve President Eric Rosengren.
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