Gold prices settled higher Wednesday, then pulled back in electronic trading shortly after the release of the U.S. Federal Reserve’s Beige Book. The report, which offers a snapshot of domestic economic activity, appeared to strengthen the case for a Fed interest-rate hike in June. August gold was at $1,273.70 an ounce in electronic trading. Prices gained $9.70, or 0.8%, to settle at $1,275.40 an ounce for the session. For the month, prices, tracking the most-active contracts, rose about 0.6%, according to FactSet data.
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