Gold futures ended sharply lower on Wednesday marking below the psychological $1800 level with the bets ahead to US Federal Reserve’s verdict. A stronger dollar and surge in bond yields also dulled bullion’s lustre. The yellow metal for the most active contract posted its biggest one-day percentage decline since August 9.
Gold futures for December eased by $17.50 or 1% to settle at $1,791 an ounce on the Comex division of the New York Mercantile. While, spot gold slipped 0.8% to $1,788.90 per ounce.