Gold Logs First Loss In 6 Sessions, Extends Decline After Beige Book

By Myra P. SaefongMarketsMarketWatch Pulse

Gold prices settled lower Wednesday, logging their first loss in six sessions. Prices, which finished with a loss as the ICE U.S. Dollar Index rebounded from a three-week low, extended their decline in electronic trading after the release of the Federal Reserve’s beige book. June gold fell $10.70, or 0.8%, to settle at $1,283.40 an ounce. It was at $1,283.20 in electronic trading.

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