Gold takes a breather after rallying to 3-week highs @WWW.MCXRESEARCHGURU.COM 8859222859


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.

Gold’s gains came as the dollar sank to an 11-month low after a second attempt by Republicans to replace Obamacare failed, delivering a major blow to President Donald Trump’s agenda.


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