Gold futures ended lower Wednesday as the curtain begins to fall on 2015 for the precious metal.February gold settled down GCG6, +0.19% $8.20, or 0.8%, at $1,059.80 an ounce—its worst settlement since Dec. 17, when the metal closed at $1,049.60 a day after the Federal Reserve raised interest rates for the first time in about a decade.
Gold’s drop Wednesday turned a meager gain into a 0.5% monthly loss, and extended the annual drop to 10.5%, according to FactSet data.
Meanwhile, March silver SIH6, +0.42% lost nine cents, or 0.7%, to close at $13.84 an ounce. Silver is on pace to record a decline in December of 1.7% and a yearly drop of more than 11%.
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