Gold futures finished lower on Wednesday, as the sudden breakdown of the stimulus package talks retraced the bullion investments. The US President accused Democrats of negotiating in bad faith and had said he would halt talks on a stimulus package until after the November election. A stronger US currency also weighed on the dollar denominated yellow metal investments.
Gold futures for December delivery dropped $18, or 0.9%, to settle at $1,890.80 an ounce on the Comex division of the New York Mercantile. However, spot gold rose 0.5% to $1,887.05 per ounce.