Gold futures declined on Wednesday on the back of strong dollar against the euro following the positive US housing and consumer confidence data. Moreover, the stock markets held near recent record highs also weighed on the precious metal price.
Gold futures for June delivery settled down $6.20 at $1,259.30 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold fell 0.4 percent to $1,258.50 an ounce.
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