Gold Pulls Back From Five-Week High As Dollar Edges Higher

Gold prices dipped on Wednesday, retreating from a more than five-week top hit in the previous session, as the dollar crawled higher.

Spot gold was down 0.2 percent at $1,235.31 per ounce at 0648 GMT, after hitting its highest since Oct. 26 at $1,241.86 an ounce in the previous session. U.S. gold futures were down 0.5 percent at $1,240.7 per ounce.

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