LONDON: Gold steadied below $1,200 an ounce on Wednesday, recouping early losses on the back of a retreat in the dollar after data suggested US economic growth might be slowing in the final quarter of 2014.

Spot gold was at $1,199.40 an ounce at 1528 GMT, little changed from Tuesday, while US gold futures for December delivery were up $1.10 an ounce at $1,198.20. Spot prices had slipped as low as $1,194.71 before the economic data.

Published in Dawn, November 27th , 2014