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Gold hovers near 1-month peak as trade concerns

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Gold was little changed on Wednesday, but hovered near a one-month peak hit in the previous session, with bullion prices moderately supported after Washington dashed hopes for a quick preliminary trade deal with Beijing.

Spot gold was little changed at $1,476.55 per ounce, as of 0143 GMT. In the previous session, prices rose 1 per cent and touched their highest since Nov. 7. US gold futures were down 0.1 per cent at $1,483.10.

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