The euro inched lower on Wednesday after Moody's cut Spain's government debt rating by two notches, giving up some gains made on a report that France and Germany have reached a deal to bolster the euro zone's bailout fund.
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Gold edged down on Thursday after trading in volatile $20 range in the previous session, but a steadier euro, gains in equities and hopes that Europe was moving to prop up the region's ailing banking sector could cushion the fall.
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Gold regained strength on Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and* easing worries about recession in the United States could limit* gains.**
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Spot gold edged down 0.1 percent to $1,529.71 an ounce on Friday ahead of a key U.S. employment report that is expected to show improvement in the labor market and boost optimism on prospects of the world's largest economy.
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