Gold futures finished lower for third straight session on Wednesday as the perceived safe haven dollar gained strength amid uncertainties surrounding US debt ceiling deal. Moreover, US Treasury bond yields soared higher dulling investment appeal of the bullion. Even though, some losses remained capped after Fed’s May meeting minutes indicated more Fed officials buoyed dovish stance by central bank.
Gold futures for June down by $9.90 or 0.5% to settle at $1964.60ounce on the Comex division of the New York Mercantile. While, spot gold added by $0.34 or 0.02% to $1,957.50 per ounce.