Gold struggled to recover from overnight losses on Tuesday as a relentless slide in oil prices dented demand for the metal, often seen as an inflation-hedge. Spot gold (XAU=) was little changed at $1,070.05 an ounce by 0116 GMT, after losing 0.6 percent in the previous session. "Over the short-term, the precious metal will likely trend sideways, as funds look to close out the year and contemplate heading into next year with a fresh slate," said INTL FCStone analyst Edward Meir.
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