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10-May2018

Gold futures settle slightly down on Wednesday

Gold futures settled slightly down on Wednesday as rising US Treasury yields drained enthusiasm for the bullion. Besides, Trump's decision to withdraw the United States from the Iran nuclear accord, failed to provide any support to the yellow metal. 

Gold futures for June delivery settled down 70 cents, or 0.05 percent, at $1,313 per ounce, on the Comex division of the New York Mercantile. While, spot gold was down by 0.1 percent at $1,312.89 per ounce.



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