Gold Settles 0.5% Lower Ahead Of FOMC Minutes As Dollar Gains

By Wallace Witkowski Markets MarketWatch Pulse

Gold futures settled lower Wednesday ahead of the release of the Federal Reserve's most recent policy meeting minutes as the U.S. dollar trended higher and stocks held near their record levels. Gold for April delivery settled down $5.60, or 0.5%, at $1,233.30 an ounce. Silver for May delivery settled down 5.2 cents, or 0.3%, at $18.02 an ounce. The U.S. Dollar index rose 0.2% to 101.53 at last check.

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