PRECIOUS-Gold holds near 7 week high on weak U.S. economic data

Aug 2 – Gold prices held early on Wednesday near aseven-week high struck in the previous session, as downbeat U.S.data weakened the prospect of the Federal Reserve pursuring anaggressive rate hike stance.FUNDAMENTALS * Spot goldwas little changed at $1,268.00 per ounceat 0109 GMT. It hit $1,273.97 in the previous session, thehighest since June 14. * U.S. gold futures for December delivery fell 0.4percent to $1,274.10 per ounce. * A
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