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Gold prices fall amid U.S.-China trade war fears

SendGold prices edged down on Wednesday as the yuan weakened amid fears the Sino-U.S. trade war could escalate, making the metal more expensive for buyers from the world’s No.2 economy.

Bullion also faced strong technical resistance after it failed to break above the key $1,200 per ounce level on Tuesday.

Spot gold XAU= was down 0.3 percent at $1,194.41 an ounce at 0650 GMT, after hitting its lowest since Aug. 24 at $1,187.21 on Tuesday.

U.S. gold futures were down 0.3 percent at $1,198.90 an ounce.

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