Gold futures finished lower on Wednesday, pressured by the firmness in dollar and continued high interest rates dulled investment appeal of the bullion. The US Federal Reserve in its latest monetary policy meeting minutes expressed caution over trimming interest rates quickly. Meanwhile, investors closely eyed Thursday’s flash PMI reports which could gauge the US private sector’s performance this month.
Gold futures for April delivery slipped by $5.5 or 0.26% to settle at $2034.30 per ounce on the Comex division of the New York Mercantile. While, spot gold added by $0.83 points or 0.04% to $2,026.82 ounce.