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Gold prices slipped on Wednesday in Asia and remained below the $1,500 level as traders awaited the upcoming European Central Bank (ECB) monthly meeting.
December delivery slipped 0.1% to $1,498.35 per ounce by 12:42 AM ET (04:42 GMT) on the Comex division of the New York Mercantile Exchange.
The outcome of the ECB’s monthly meeting is expected to have an impact on gold prices later this week, as some expect a rate reduction from the central bank as part of a broader package to stimulate the eurozone economy.
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