Gold for December delivery GCZ3 +0.60% fell $4.70, or 0.3%,
to $1,415.50 an ounce.
The contract on Tuesday leapt $27.10, or 2%, to $1,420.20 an ounce on the Comex division of the New York Mercantile Exchange. That was the highest settlement since mid-May, according to FactSet data, based on the most-active contracts.
Gold edges lower after outsized gains Tuesday.
The rise put gold at least 20% above intraday lows hit by Comex gold futures of around $1,180 on June 28. Technically, a bull market is a rise in value of any market security by at least 20%.
The contract on Tuesday leapt $27.10, or 2%, to $1,420.20 an ounce on the Comex division of the New York Mercantile Exchange. That was the highest settlement since mid-May, according to FactSet data, based on the most-active contracts.
Gold edges lower after outsized gains Tuesday.
The rise put gold at least 20% above intraday lows hit by Comex gold futures of around $1,180 on June 28. Technically, a bull market is a rise in value of any market security by at least 20%.
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