Gold firms after three days of losses as equities drop

Gold firmed after three days of losses on Thursday on weaker global equities, but held below a 15-month peak as the dollar rebounded against the yen after a recent slump.

Spot gold steadied at $1,280.20 an ounce by 0228 GMT, after losing 1.1 percent in the past three sessions. U.S. gold futures rose 0.6 percent to $1,282.60.
Gold had jumped to a 15-month top of $1,303.60 on Monday as the dollar slumped against the yen after the Bank of Japan stood pat on policy.

Investor interest in gold remains robust. Assets in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.07 percent to 825.54 tonnes on Wednesday, their highest in over two years.

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