November 16, 2012 at 10:36 AM EST
PRECIOUS-Gold steady, but heads for weekly loss
LONDON, Nov 16 (Reuters) - Gold erased losses and steadied at around $1,715 an ounce on Friday, but was on course for a weekly loss as investors focused on uncertainty over global growth and worries over the U.S. "fiscal cliff" when $600 billion worth of tax increases and deep spending cuts will set in early next year.
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