Gold futures finished nearly two month low level on Wednesday, due to the strength in dollar and as the expectations over a hawkish Federal Reserve monetary policy dulled investment appeal of the non-yielding bullion. 50 basis points rate hike by the Fed at its May 3-4 policy meeting is been anticipated.
Gold futures for June down by 0.8% or $15.40 at $1888.70 ounce on the Comex division of the New York Mercantile. Spot gold slipped by 0.8% to $1,889.84 per ounce.