Gold futures settled lower on Wednesday paring its initial gains in the session due to lack of any major moves ahead to key US job data for more cues of timeline on Federal Reserve’s stimulus tapering plans.
Gold futures for December dipped by 0.1% or $2.10 at $1816.00 an ounce on the Comex division of the New York Mercantile. Spot gold was down 0.1% at $1,812.55 per ounce.