Gold futures finished lower on Wednesday, marking a five-week low rate, as the safe haven appeal of the bullion got saddled with the easing global trade tensions after US and China agreed to significantly cut tariffs. Moreover, rise in bond yield notes also trimmed the non-yielding yellow metal investments.
Gold futures for June delivery tumbled by $59.50 or 1.83% to settle at $3,188.30 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $28.81 or 0.90% to settle at $3,148.44 an ounce.