Registering lowest finish in a month, Gold futures settled lower on Wednesday on higher dollar and US Treasury Bond yields. The yellow metal marked fifth consecutive monthly dip, by falling 3.1% for August. The aggressive interest rate hikes by US Federal Reserve has weighed on non-yielding bullion investments.
Gold futures for December dipped by $10.1 or 0.6% to settle at $1726.20 ounce on the Comex division of the New York Mercantile. Spot gold fell by 0.6% to $1,712.56per ounce.