Gold prices pull back from 7-week highs, eyes on U.S. data @WWW.MCXRESEARCHGURU.COM 8859222859

Gold prices moved lower on Wednesday, pulling away from the previous session’s seven-week highs as investors locked in profits and as the U.S. dollar stabilized ahead of a highly-anticipated report on U.S. employment due later in the day.
On the Comex division of the New York Mercantile Exchange, gold futures for August delivery were down 0.52% at $1,266.04, off Tuesday’s seven-week peak of 1,273.30.
The August contract ended Thursday’s session 0.47% higher at $1,272.60 an ounce.
Futures were likely to find support at $1,256.90, the low of July 28 and resistance at $1,273.30, Tuesday’s high.

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