Gold steady a day after slump, China data eyed

21 January 2010  MSN

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Gold steadied above $1,100 per ounce on Thursday after falling more than 2 percent the previous day, when investors became risk averse as the dollar rose and China's tightening bank lending capped economic optimism.

Market participants were eagerly awaiting a set of Chinese economic indicators on Thursday, including CPI and gross domestic product data.

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