Gold Futures Settle At Lowest Level Since November

By Myra P. SaefongMarketWatch Pulse

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.

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