Gold futures on the Comex continued to decline on Wednesday
Gold futures on the Comex continued to decline on Wednesday as the dollar strengthened and safe-haven demand for the yellow metal reduced as better-than-expected jobs data from the US increased hopes of improvement in job scenario in the US.
Gold futures dropped as much as $15 an ounce on Globex by Wednesday afternoon in Tokyo as the US Federal Reserve's decision to stand pat on interest rates and failure to expand the size of its bond-purchase program dulled investment demand for the precious metal.