PRECIOUS-Gold below $1,200 on steadier dollar; eyes on Greece, China

April 20, 2015 7:14 PM

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LONDON, April 20 (Reuters) - Gold fell below $1,200 an ounce on Monday as equities rallied and the dollar steadied, while traders assessed China's new policy measures to shore up the world's second-largest economy and risks that Greece may default.

Spot gold was down 0.8 percent at $1,194.68 an ounce by 1505 EDT, while U.S. gold futures for June delivery fell $9.40 to settle at $1,193.70 an ounce.

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