Spot gold was unchanged at $1,727.65 per ounce by 0259 GMT, after declining 0.7% on Tuesday. U.S. gold futures fell 0.1% to $1,732.20. “There are a lot of investors who bought gold as a hedge for stocks, but stocks are going up and they don’t see value in that now,” said Stephen Innes, chief market strategist at financial services firm AxiCorp.
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