Gold steadies as China stimulus plan dulls risk appetite

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Gold steadies as China stimulus plan dulls risk appetite
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Oct 14 - Gold prices steadied on Monday amid a risk-off mood driven by an underwhelming China fiscal stimulus, while investors awaited comments from U.S. Federal Reserve officials for hints on its interest rate outlook.

Stock markets held below last month's record highs, while the Chinese yuan and oil prices weakened as China's broad economic stimulus promises made over the weekend failed to inspire investors. Traders are now looking out for comments from Fed officials this week for more clues on future interest rate cuts, along with U.S. retail sales data.

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