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Urgent: Gold settles lower on Fed comments

Xinhua, May 7, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange drifted lower on Wednesday after some key Federal Reserve officials showed little concern about a slowdown in the U.S. economy.

The most active gold contract for June delivery lost 2.9 U.S. dollars, or 0.24 percent, at 1,190.30 dollars per ounce. Endite