Hike In Gold Price Slows, Still Near Record Highs …..LIVE NEWS UPDATE BY ROYAL TRADERS

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Gold hovered around record highs on Wednesday morning in Asia as the US dollar remained weak and debate continued in the U.S. over the next COVID-related stimulus package.

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.

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