Gold Finishes Lower for Second Day in Row

Gold prices declined for the second consecutive session on Wednesday, after the United States Federal Reserve statement that sent U.S. Treasury bond yields higher.

The yellow metal futures for June delivery lost $4.90, or 0.3%, to close at $1,773.90 per ounce.

This market the lowest closing level for gold’s most active since April 19.

Meanwhile, silver futures for May delivery declined by 32 cents, or 1.2%, to finish near $26.09 per ounce, while July futures settled lower by 33 cents, or 1.3%, at $26.12 an ounce.