Gold Market Update : Epic Research Singapore

Gold futures settled lower for a second session on Wednesday as the U.S. dollar remained firm while investors continued to focus on hawkish comments from Federal Reserve officials.

June gold GCM6, +0.67% lost $17.40, or 1.4%, to settle at $1,274.40 an ounce even as relatively riskier global stock markets pushed lower. Stocks and gold tend to move inversely, but not always. On Tuesday, gold fell for the first time in seven trading sessions.

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