Published April 29, 2015 2:06pm EDT | Updated May 21, 2015 1:31pm EDT

Gold Settles Lower, Then Falls Further After Fed Decision

Gold futures retreated from a three-week high to settle lower on Wednesday. Prices fell even more in the electronic session after the Federal Reserve left open the chance of an interest-rate hike increase as early as June. Ahead of the statement, June gold fell $3.90, or 0.3%, to settle at $1,210 an ounce on Comex. Shortly after the statement, June gold fell to $1,206.20 in electronic trading.