PRECIOUS-Gold prices steady as dollar firms after Fed comments

Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views the central bank is on track to steadily hike interest rates. FUNDAMENTALS * Spot gold was largely unchanged at $1,227.16 an ounce at 0047 GMT. On Tuesday, it fell 1 percent and hit its lowest since last July at $1,225.58. * U.S. gold futu
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