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* Dollar on track for the first four-week fall
* Money down about 1% so far this week
* Platinum on track for its first weekly fall of five (Add a comment, update prices)
By K. Sathya Narayanan
APRIL 12 (Reuters) – Gold was little changed on Friday after a sharp decline in two weeks in the previous session after strong US economic data, but metal losses were limited by declines in the dollar and Asian stocks.
The spot gold price was stable at $ 1,291.93 an ounce from 0:01 GMT after hitting a one-week low on Thursday. Gold futures in the United States gained about 0.1%, reaching $ 1,294.60 an ounce.
"The market is holding up against corporate earnings to see if economic conditions have slowed in the first quarter and if that has affected the company's structure," said Benjamin Lu, an badyst at Phillip Futures.
"If the results show stronger and better results than expected, we could see the gold retreat a little further."
Strong earnings will likely increase investors' appetite for riskier badets, which will reduce Bullion's appeal.
Asian equities fell in the wake of US corporate earnings, as investors' cautious outlook for global growth overcame rebaduring economic data in the United States.
The dollar fell 0.2% against its major rivals, destroying most of the gains from the previous session, and was on its way to its first four-week fall.
Gold dropped more than 1% in the previous session after reports showed that weekly jobless claims in the United States had bottomed out in nearly half a century and that producer prices had risen the most in five months in March.
"Strong US data triggered a tsunami of stop-loss orders, which led to the collapse of the markets and virtually all of the weak bullish position," said Stephen Innes, Head of Market Strategies and Markets. at SPI Asset Management.
However, the metal was broadly stable for the week, after peaking two weeks earlier this week as a result of Dovish central banks and worries about global growth.
The International Monetary Fund on Tuesday reduced its forecast of global economic growth for the year. The US Federal Reserve and the European Central Bank have maintained their accommodative policy, citing the slowdown in global growth.
The gold could end its rebound around a resistance at $ 1,297 an ounce, then retest a support at $ 1,291, according to Reuters technical badyst Wang Tao.
Among other precious metals, silver was stable at $ 14.96 an ounce and down about 1% for the week.
Spot Platinum has gained about 0.5% to $ 892.08 per ounce, but is on track for its first-ever five-in-a-week decline.
Palladium rose about 0.5% to $ 1,372.20 an ounce. (Report by K. Sathya Narayanan in Bengaluru, edited by Shreejay Sinha)
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