Gold futures settled lower Wednesday after hitting a three-week high in the previous session, then dropped toward $1,200 an ounce in electronic trading after the Federal Reserve failed to rule out an interest-rate hike in June.Gold for June delivery GCM5, -0.55% fell $3.90, or 0.3%, to settle at $1,210 an ounce on Comex. In electronic trading, June gold was down at $1,202.30.
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