UPDATE 4-Gold gyrates around $580; oil and dollar in focus


(Updates to midafternoon in New York) By Atul Prakash LONDON, June 23 (Reuters) - Gold, battered down from recent highs after investors fled to less risky assets, traded cautiously on Friday ahead of next week's U.S. Federal Reserve meeting that may set direction for the dollar. "The sentiment has not fully recovered from recent corrections and is still very fragile. Prices are going to remain range-bound ahead of the Fed meeting," said Yingxi Yu, precious metals analyst at Barclays ...

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