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Gold slips from previous day’s peak as dollar recovers

Gold eased on Wednesday as a recovery in the dollar pulled prices further from the previous day’s near six-week peak, though a drop in equities on the back of jitters over a U.S.-China trade stand-off kept the metal underpinned.

The dollar pulled back some lost ground after sliding to its lowest since mid-February on Tuesday, supported by hopes that negotiations between the United States and China would avoid a full-blown trade war. FRX/

Spot gold XAU= was down 0.3 percent at $1,340.70 an ounce at 0930 GMT, while U.S. gold futures GCcv1 for April delivery were down 0.1 percent at $1,346.00 an ounce.

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