Gold prices decline as investors await fresh guidance on the Fed’s plan for interest rates

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Gold prices moved lower on Wednesday as investors awaited guidance on the Federal Reserve’s plan for interest rates ahead of minutes from the central bank’s June meeting due in the afternoon, and Friday’s monthly U.S. jobs data.

Prices for the precious metal had found some support in early dealings after weak Chinese service sector activity data, which suggested that world economic growth may be slowing.

Price action

Market drivers

“Fragile…

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