Gold futures settled lower on Wednesday, following some better-than-expected U.S. economic data and comments from Federal Reserve Chairwoman Janet Yellen that signaled the likelihood of an interest-rate hike this year. August gold shed $6.10, or 0.5%, to settle at $1,147.40 an ounce on Comex. That was the lowest close for a most-active contract in more than 8 months.
Copyright © 2015 MarketWatch, Inc.
Continue Reading Below