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Gold futures declined on Wednesday, following back-to-back session gains, with most-active contract prices settling at their lowest since late March 2021, FactSet data show. A softer dollar “offered the precious metal some breathing room earlier in the week, but bears are clearly in the vicinity,” said Lukman Otunuga, manager, market analysis at FXTM. “It feels like gold is waiting for a fresh directional catalyst to pierce below the $1,700 psychological support,” he said. August gold fell $10.50, or 0.6%, to settle at $1,700.20 an ounce.
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