Gold Holds Near Six-Month Peak On Weak Risk Appetite

Gold prices inched lower on Wednesday as the dollar firmed but hovered near a six-month high, supported by political instability in the United States and concerns about a global economic slowdown.

Spot gold slipped 0.2 percent to $1,265.46 per ounce as of 0052 GMT. The metal touched $1,270.50 in early trade, its highest level since June 25.

US gold futures were down 0.3 percent at $1,268.10 per ounce.

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