Gold futures ended lower for the fifth session in a row on Wednesday, pressured down by the stronger dollar and on ambiguity over the US stimulus bill. Besides, the yellow metal dragged down further followed by Federal Open Market Committee’s decision to keep the benchmark interest rate in a range of 0 to 0.25%.
Gold futures for February delivery dipped by $6 or 0.3% to settle at $1,844.90 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.3% to $1,845.61 per ounce.