Gold Futures Settle Lower After Comments From Fed Officials

Gold futures settled with a loss on Wednesday, giving up earlier gains from the weaker-than-expected data on private-sector jobs. Separate comments from Federal Reserve Chair Janet Yellen and Atlanta Fed President Dennis Lockhart Wednesday didn't appear to show much concern over a slowdown in the U.S. economy, dulling demand for gold as a safe-haven investment. June gold fell $2.90, or 0.2%, to settle at $1,190.30 an ounce on Comex.