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Gold prices flat as dollar strength counters safe-haven demand

Gold bar bullions ingot, selective focus, crisis safe haven for investment or reserve for country economics.

Gold prices were flat on Wednesday, as a firmer dollar partially offset safe-heaven demand amid heightened Middle East tensions, while investors awaited U.S. data for further economic cues.

Spot gold held its ground at $2,659.79 per ounce, as of 0325 GMT, after rising more than 1% in the previous session.

U.S. gold futures eased 0.4% to $2,680.90.

Israeli Prime Minister Benjamin Netanyahu promised that arch foe Iran would pay for its missile attack against Israel on Tuesday, while Tehran said any retaliation would be met with "vast destruction", raising fears of a wider war.

Bullion is considered a safe investment during times of political and financial uncertainty.

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