Gold steadies off four-month high as dollar firms

Gold prices steadied on Thursday off the previous day's four-month high, under pressure from a firmer dollar, while buyers of coins, bars and jewellery in Asian markets held off in anticipation of a further price drop. Spot gold was down 0.1 percent at $1,329.41 an ounce at 1003 GMT, well off Thursday's high of $1,345.35 an ounce. "Given the lack of serious physical demand, bullion remains at the mercy of investor and dollar sentiment," Andrey Kryuchenkov, an analyst at VTB Capital, said. A spate of below-consensus U.S. data has curbed expectations that the Federal Reserve would step up tapering of its bullion-friendly monthly bond-buying programme, which prompted much of last year's fall in gold prices.



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