Gold held steady on Friday, supported by a plunging dollar and declining stocks but hawkish comments from major central banks suggesting a shift toward tighter monetary policies kept the bullion shy of major gains.
The dollar index, which measures the greenback against a basket of currencies, hit a fresh nine-month low at 95.470 on Friday, and Asian shares were pulled down by weaker European and U.S. markets.
Spot gold rose 0.1 percent to $1,246.62 per ounce, as of 0436 GMT. U.S. gold futures for August delivery were up 0.1 percent at $1,246.90 per ounce.
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