Gold Settles Higher For First Time In Three Sessions

By Myra P. Saefong Markets MarketWatch Pulse

Gold prices settled higher Wednesday for the first time in three sessions, finding support as the U.S. dollar weakened. Philadelphia Fed President Patrick Harker on Wednesday said he advocated a "pause" on rate hikes while the central bank starts to pare its balance sheet. Prices had ended Tuesday at a five-week low. August gold rose $2.30, or 0.2%, to settle at $1,245.80 an ounce.

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