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Gold prices held steady with investors looking ahead to a clutch of speeches

Gold prices held steady with investors looking ahead to a clutch of speeches

Gold trading range for the day is 29144-29404. Gold prices held steady with investors looking ahead to a clutch of speeches from Fed officials later in the week for clues on the timing of possible interest rate hikes. Cleveland Fed chief Loretta Mester said she would be comfortable raising interest rates at this point if the economy kept performing the way it did.Net long gold positions on COMEX fell 9% to 63,625 contracts in the week to February 14, CFTC data showed Monday.

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