COMMODITY
Gold futures retreat from four-month high level on Wednesday
Dec-06-2018

Gold futures ended lower on Wednesday, retreating from previous session's four month high amid anticipation for more interest rate hikes following remarks from a US Federal Reserve. Higher interest rate encourage investors to sell gold, which earns nothing and costs money to store and insure.

Gold futures for February delivery settled down $4, or 0.3 percent, at $1,242.60 per ounce, on the Comex division of the New York Mercantile. While, spot gold was down 0.2 percent at $1,236.11 per ounce.

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