Articles
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PRECIOUS-Gold steady after S&P downgrades; dollar pressures
Money managers cut U.S. gold bullish bets; SPDR holdings
unchanged
* Spot gold could fall to $1,600 -technicals
* Coming Up: France’s Finance Minister Francois Baroin
speaks; 1130 GMT(Adds details, comments; updates prices)
By Rujun Shen
SINGAPORE, Jan 16 (Reuters) - Spot gold traded steady
on Monday, weighed down by a strong dollar after mass downgrades
of euro zone nations by Standard & Poor’s on Friday, while its
safe haven appeal could benefit from renewed fears about the
euro zone debt crisis.
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