Gold futures settled at their lowest level in nearly seven weeks on Wednesday, then clawed their way back up in the immediate wake of minutes from the Federal Reserve’s January meeting.Gold for April delivery GCJ5, +1.23% settled at $1,200.20 an ounce on Comex, down $8.40, or 0.7%, on Wednesday — their lowest settlement since Jan. 2, based on the most-active contracts.
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