Gold futures fell on Wednesday, settling at their lowest level in more than three weeks as strength in U.S. equities on the back of a climb in private-sector employment in May helped draw investor interest away from the precious metal.Gold futures for August delivery GCQ5, -0.08% fell $9.50, or 0.8%, to settle at $1,184.90 an ounce on Comex after tapping a low of $1,179.10. Prices for a most-active contract haven’t settled at a level this low since May 11 and they haven’t suffered a single-session loss this large in over a week.
July silver SIN5, -0.12% also lost 31.9 cents, or 1.9%, to $16.48 an ounce.
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