Bengaluru — Gold prices steadied on Friday, holding firm near a six-month high struck in the previous session, as the dollar remained under pressure due to a subdued outlook towards US interest rates and the economy, and investors shunned risky assets. Spot gold was down marginally at $1,259.16 per ounce, as at 4.17am GMT, after jumping more than 1% in the previous session. The precious metal hit a high of $1,266.4 on Thursday, a level last seen on June 26. Bullion has gained about 1.7% so far this week, in what would be its second weekly gain in three. US gold futures declined 0.4% to $1,263.3 per ounce on Friday. "A depreciating dollar coupled with expectations of fewer rate hikes in 2019 remain the primary factors supporting spot gold prices," said Lukman Otunuga, a research analyst with FXTM. "The US Federal Reserve's failure to reassure investors that they understand the risks across global markets is seen fuelling appetite for safe-haven gold in the short- to medium-term." The...

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