Gold futures on Wednesday saw their lowest settlement since November, pressured by upbeat U.S. economic data and comments from Federal Reserve Chairwoman Janet Yellen, which indicated a likely interest-rate increase later this year.Gold for August delivery GCQ5, -0.10% shed $6.10, or 0.5%, to settle at $1,147.40 an ounce on Comex for a fifth straight session loss. Prices haven’t settled at a level this low since early November, based on the most-active contracts.
September silver SIU5, -0.05% dropped 26.7 cents, or 1.7%, to $15.048 an ounce, extending its loss to a third straight session.
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