Gold Settles Lower, Then Falls Further After Fed Decision

MarketWatch Pulse

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.

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below