Gold futures finished lower on Wednesday, as the investment appeal of bullion dulled after the Federal Reserve monetary policy meeting minutes reported that most officials favoured more rate increases ahead. Meanwhile, investors awaited for June US employment data for further gauge on the Fed’s stance on interest rate hike. Additionally, stronger dollar also pressured yellow metal buying.
Gold futures for August delivery dipped by $2.40 or 0.10% to settle at $1927.10 ounce on the Comex division of the New York Mercantile. While, spot gold added by $2.59 or 0.14% to $1,917.89 per ounce.