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Metals Stocks: Gold settles higher, then pulls back after U.S. Fed meeting minutes

Gold prices ended higher Wednesday, getting a boost as downbeat U.S. economic data and North Korea’s ballistic-missile test drew investor interest to the precious metal.

After gold settled for the session, prices briefly struggled for direction in electronic trading, before eventually easing back as investors weighed the release of minutes from the U.S. Federal Reserve’s June meeting.

The metal managed to recoup some of the losses it suffered on Monday, when prices dropped 1.9%—the biggest single-session percentage decline of the year. August gold GCQ7, +0.29% tacked on $2.50, or 0.2%, to settle at $1,221.70 an ounce for the session, after briefly trading as low as $1,216.50.

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