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Metals Stocks: Gold pulls back from 4-month highs as dollar steadies

Gold futures pulled back on Wednesday from their highest finish in four months, as a bruised U.S. dollar index stabilized.

February gold GCG8, -0.01% fell $1.40, or 0.1%, at $1,335.60 an ounce. Tuesday’s settlement at $1,337.10 was the highest since early in September. Gold last week tallied a fifth week of consecutive gains, the longest such stretch since April. Month to date, the metal has climbed roughly 2%.

The exchange-traded SPDR Gold Shares GLD, +0.17% and the VanEck Vectors Gold Miners ETF GDX, +1.50% both slipped in premarket trading.

“Gold continues to consolidate, awaiting further signals on the direction of the dollar.

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