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REFILE-PRECIOUS-Gold steady near multi-month highs on weaker dollar


Dollar slides to 4-1/2 month low
Palladium climbs nearly 1%
May 25 (Reuters) - Gold steadied near its highest in more than four months on Tuesday, buoyed by a weaker dollar but with gains capped after U.S. Federal Reserve officials soothed fears about inflation.
Spot gold had risen 0.12% to $1,883.36 per ounce by 0930 GMT, not far from its highest in 4-1/2 months hit on Wednesday.
U.S. gold futures were little changed at $1,884.30.
While the macroeconomic background and the weaker dollar is still supportive for bullion, “gold is increasingly starting to show signs that it needs to just consolidate” following a strong rally since April, said Saxo Bank analyst Ole Hansen. ....

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CORRECTED-US STOCKS-Wall Street drops as high-flying tech stocks retreat


U.S. private payrolls rise less than expected in Feb
Financial, industrial indexes hit intra-day records
March 3 (Reuters) - The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery on the back of fiscal stimulus and vaccination programs.
Microsoft Corp, Apple Inc and Amazon.com Inc dropped, weighing more than any other stocks on the S&P 500.
The S&P 500 financial and industrial sector indexes reached intra-day record highs. Most other S&P 500 sectors declined.
The Russell 1000 value index, which leans heavily on economy-linked sectors, edged up, while its growth index, comprising large tech companies, lost ground. ....

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