Gold held steady near a record high on Wednesday after a Franco-German summit failed to convince investors that the eurozone debt crisis would be solved effectively, supporting safe-haven demand for bullion. Spot gold was little changed at $1,787.80 an ounce by 0658 GMT. It was just 1.4 percent below the record high above $1,813 struck last week.
US gold inched up 0.3 percent to $1,790.70. The short-term gold technical outlook suggested that gold could pull back to $1,772 an ounce, said Reuters market analyst Wang Tao. Spot platinum gained 0.2 percent to $1,815.75 an ounce, on its way to a seventh session of gains as a dip in its relative value versus gold triggered buying interest.
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