Gold futures finished lower on Wednesday, as the investment dulled followed by the comments from Fed officials hinting pushback against the idea of multiple rate cuts next year. However, weakness in dollar and on weakness in US Treasury bond yield notes capped some losses in the session.
Gold futures for February delivery dipped by $4.40 or 0.21% to $2047.70 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $5.86 points or 0.29% to $2,037.25 ounce.