Gold futures settled lower on Wednesday, as the headwinds dollar and US Treasury bond yields firmed dulling bullion investments. Stronger dollar makes the green back denominated bullion costlier for third currency holders, while the rise in Treasury bond yields dulls the investment appeal of the non-yielding bullion.
Gold futures for December declined by $8.50 or 0.5% to settle at $1677.50 ounce on the Comex division of the New York Mercantile. While, spot gold narrowed by $3.37 or 0.20% or $1,669.82 per ounce.