Gold futures finished lower on Wednesday, saddled by the Fed's dovish tone in the recent FOMC minute. The weaker July payroll figures raised jitters that the US labour market might not withstand restrictive interest rates. Market is now focusing on Fed Chair Powell's speech on Friday for more insights on interest rate outlook. Strength in bond yield notes also pressured investment appeal of the bullion.
Gold futures for December delivery down by $3.10 or 0.12% to $2,547.50 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $10.50 or 0.42% to settle at $2,502.06 an ounce.