Gold held steady around $925 per ounce on Thursday as a recovery in the dollar dented sentiment, pushing prices below a six-week high touched the previous day on buying by gold-backed exchange-traded funds. Spot gold held steady at $924.00 per ounce, down 0.2 percent from New York's notional close of $925.45. It fell 0.4 percent to a low of $922.20 earlier on Thursday.
On Wednesday, gold rose to a six-week high of $930.40 an ounce as buying by exchange-traded funds and losses in stock markets boosted interest in the metal. The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said holdings had risen to 1,105.62 tonnes as of May 13, up 1.53 tonnes from the previous business day for the first gain in a month.
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