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Gold prices steadied near $1,100 per ounce on Friday after falling 3 percent in the previous session, pressured by the dollar's rise against the euro, which reduced the precious metal's appeal. Spot gold was at $1,101.00 per ounce at 2345 GMT, up 0.3 percent from New York's notional close of $1,097.80. Gold is now trading about 10 percent below a record high of $1,226.10 hit on December 3.
US gold futures for February delivery fell 0.4 percent to $1,102.5 an ounce on the COMEX division of the NYMEX.

Copyright Reuters, 2009

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