Gold settled higher on Wednesday as the dollar pared gains after weaker than expected U.S. economic data, although stronger European shares limited the upside.
Spot gold, lower initially, closed up $8.70 at $1,201.3 an ounce. It had fallen as much as 1.2 percent to a two-week low of $1,183.68 on Tuesday.
The dollar cut initial gains and was unchanged against a basket of currencies, after data showed U.S. industrial output fell 0.6 percent in March.
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