Gold futures on Wednesday marked their lowest settlement in nearly six years, as a rise in November U.S. private-sector employment and comments from the Federal Reserve’s chairwoman supported the likelihood that the central bank will agree to raise interest rates when it meets in two weeks.
Gold for February delivery on Comex fell $9.70, or 0.9%, to settle at $1,053.80 an ounce. The settlement was the lowest since Feb. 5, 2010.
March silver also lost 7.4 cents, or 0.5%, to $14.009 an ounce.
In other metals trade, March copper fell 3.9 cents, or 1.9%, to $2.033 a pound.
January platinum lost $3, or 0.4%, to $832.40 an ounce, while March palladium shed $13.40, or 2.5%, to $525.80 an ounce.