On Wednesday, spot gold prices ended lower by 0.32 percent to close at $1502 per ounce. Spot gold prices continue to trade over the 1500 mark, however, prices were pressurized after the minutes of the U.S. Federal Reserve stated that the policymakers were divided over whether a rate cut is required or not.
Moreover, the dispute between U.S. & China showed some signs of easing the intense trade war which boosted the risk appetite amongst investors. Rising bond yields globally amid easing of tension between the biggest economies in the world dented the appeal for the bullion metal.
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