Gold futures finished lower for fourth straight session on Wednesday, as dollar and bond yield notes grew stronger ahead of later today’s key US CPI data. Narrowed expectations on more aggressive interest rate cuts by the Federal Reserve also saddled yellow metal rates to three week low level.
Gold futures for December delivery down by $9.40 or 0.35% to settle at $2,626.00 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $6.75 or 0.26% to $2,614.52 an ounce.