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Gold Pares Drop as Slow U.S. Wage Gains Ease Fed Concerns

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- Gold futures pared a decline to a 15-week low after a report showed that the U.S. added fewer jobs in June than forecast and wages stagnated, reflecting a more moderate pace of economic growth.

Earlier, gold fell as much as 1.2 percent amid concerns the Federal Reserve is moving closer to raising interest rates for the first time in nine years. Global holdings in exchange-traded funds backed by the metal last month slumped to the lowest since 2009.