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- Gold slightly higher
Gold slightly higher
Gold is currently at $1,205.50 (-0.22%) holding above the key $1,200 an ounce level in choppy trade on Wednesday morning. Gains in U.S. stocks and signs of stabilization on Asian stock markets decreased demand for the safe-haven asset. Investors are waiting for U.S. Federal Reserve's meeting minutes to find clues on the interest rates outlook. The minutes will be released later today. Recently the non-interest-paying precious metal benefited from speculation that the Fed would not be able to raise rates as fast as it planned.
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