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PRECIOUS-Gold slips from 3-week peak as dollar firms ahead of Fed minutes

By Reuters Staff 3 Min Read July 7 (Reuters) - Gold prices edged lower on Wednesday after hitting a three-week peak in the previous session, as a rebound in the dollar weighed on the safe-haven metal ahead of the release of minutes from the U.S. Federal Reserve’s June policy meeting. FUNDAMENTALS Spot gold was down 0.1% at $1,795.39 per ounce, as of 0103, after hitting its highest since June 17 at $1,814.78 on Tuesday. U.S. gold futures edged 0.1% higher to $1,795.80 per ounce. Making gold more expensive for holders of other currencies, the dollar index hovered near a three-month high hit last week. All eyes are on minutes from the Fed’s latest meeting, due at 1800 GMT, that is expected to shed more light on interest rate trajectory after a hawkish tilt from the U.S. central bank last month.

London copper rebounds as dollar rally pauses

Message : Required fields July 7 (Reuters) - London copper prices rose on Wednesday, as a halt in dollar s rally eased pressure on greenback-priced metals, while investors continued to bet on a global economic recovery. Three-month copper on the London Metal Exchange rose 0.6% to $9,370 a tonne by 0322 GMT, while the most-traded August copper contract on the Shanghai Futures Exchange fell 1.6% to 68,570 yuan ($10,594.05) a tonne, tracking overnight losses in London. The dollar traded sideways on Wednesday, awaiting the U.S. Federal Reserve s minutes from its last policy meeting due later on the day. A weaker dollar would make LME metals cheaper to holder of other currencies.

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