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Goldfutures gained 0.05% to $1,945.60 by 11:40 PM ET (4:40 AM GMT), lower than the $1,968.00 level hit on Tuesday, suggesting that the relentless climb in the price of the yellow metal may be coming to an end.
Investors are also looking to the U.S. Federal Reserve’s meeting, scheduled for later in the day, for clues on the U.S. economy’s health.