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FOX LIVE NEWS UPDATE

PRECIOUS-Gold rebounds on profit-taking, dollar, but seen vulnerable
June 29 (Reuters) – Gold prices recovered on Friday from six-month lows as speculators took profits amid a weaker dollar, but some analysts warned that more losses were likely.

Spot gold XAU= added 0.2 percent to $1,250.53 an ounce by 0930 GMT. On Thursday, it touched $1,245.32, its lowest since Dec. 13, 2017.

U.S. gold futures GCcv1 edged up 0.1 percent at $1,251.80 an ounce.

“We’re receiving only a couple of dollars bounce on the back of a pretty decent weakening of the dollar, so gold’s not showing any signs of strength,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.
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