Gold futures settled slightly higher on Wednesday kindled by the weakness in dollar making it less expensive for third currency holders. A measure of the greenback's strength against a basket of major currencies, dipped by 0.3%. However, participants kept away from major position taking ahead to minutes from FOMC Meeting. Positive trend in US Treasury Bond yields also capped gains of the non-yielding bullion.
Gold futures for August dipped by $1.4 or 0.1% to $1719.10 ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.2% to $1,736.89 per ounce.