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.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News