Gold Bucks Weak U.S. Dollar To Settle Marginally Lower

By Sue Chang Markets MarketWatch Pulse

Gold prices settled slightly lower on Wednesday, ignoring the weaker dollar, as the precious metal took a breather from its recent rally. Gold for December delivery slid $1 to settle at $1,278.40 an ounce. A soft dollar is typically supportive of dollar-denominated assets such as gold. The U.S. Dollar Index shed 0.4% to 92.69. Silver for September delivery also fell 3 cents, or 0.2%, to settle at $16.733 an ounce.

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