Gold steadies after 2 day drop in thin lunar new year trading

Gold was little changed after a two-day decline, with many Asian markets offline for the Lunar New Year holiday.Bullion was near $4,880 an ounce in early trading, having lost more than 3 per cent over the previous two sessions, when the US dollar strengthened. Trading has been unusually choppy since a historic rout at the turn of the month. A key gauge of the US currency rose as much as 0.4 per cent on Tuesday before paring gains.A powerful rally carried gold to an all-time high above $5,595 an ounce in lat ...