Bullionguru’s,”Gold takes a breather after rallying to 3-week highs”

© Reuters. Gold rally pauses

Gold prices edged lower in European trade on Wednesday, pausing for breath after rallying to the highest level in around three weeks in the prior session.

Comex gold futures were at $1,239.46 a troy ounce by 3:00AM ET (0700GMT), down $2.50, or around 0.2%.

Prices settled higher for a third-straight session on Tuesday after hitting their highest level since June 30 at $1,244.10.

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