Gold up on Weaker Dollar after OPEC deal

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Gold prices inched up on Thursday as the dollar slipped following a deal by oil producers to curb output.

 FUNDAMENTALS 

*Spot gold had risen 0.3 percent to $1,324.76 an ounce by 0047 GMT. 

*U.S. gold futures were up 0.4 percent at $1,328.30 an ounce. 

*OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. 

*The dollar index, which measures the greenback against a basket of currencies, fell 0.1 percent to 95.352. 

*The Federal Reserve is considering changing the annual stress tests it gives to U.S. banks to see if they can withstand a massive financial crisis, Yellen said. 

* The Fed's chair did not comment on the outlook for the economy or monetary policy in her prepared remarks.

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