Gold prices moved away from near three-month lows on Friday but remained under pressure, hurt by a rising dollar and waning risk appetite among investors. The euro's extended fall against the greenback to its lowest in more than six months helped lift the dollar to a five-month high against a basket of key currencies on Friday.
The weakness in the single European currency prompted funds to further trim their long positions in gold, but Thursday's drop in prices of the precious metal below $1,075 per ounce to their lowest level since November 3 was spurring buying from across Asia.
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