Gold Prices Pared Gains As The U.S. Dollar's Recovered Slightly

Gold trading range for the day is 28071-28349.

Gold prices pared gains as the U.S. dollar's recovered slightly from a 10-month low.

U.S. homebuilding surged to a four-month high in June, but construction activity remains constrained by rising lumber prices and labour and land shortages.

Holdings at the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund fell 0.65 percent to 816.13 tonnes on Wednesday from 821.45 tonnes on Tuesday.

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