Gold futures finished sharply lower on Wednesday, pressured by the firmness in dollar and on rising bond yield notes. Moreover, anticipations that the Federal Reserve will adopt a cautious approach to monetary easing also saddled yellow metal investments.
Gold futures for December delivery tumble by $30.40 or 1.11% to settle at $2,729.40 per ounce on the Comex division of the New York Mercantile. However, spot gold up by $8.30 or 0.31% to settle at $2,723.85 an ounce.