Gold futures were little changed during the evening trade in the domestic market on Wednesday as investors and speculators exited their positions in the precious metal amid caution ahead of US retail sales data set for release tomorrow which may signal the health of the world’s biggest economy, and possibly offer some clues over the probability of a near-term US interest rate hike.

 US retail sales probably fell 0.1 per cent in August 2016 from the previous month, that may pare back expectations of a rate hike in September. At the MCX, gold futures for October 2016 contract is trading at Rs 31,061 per 10 grams, down by 0.06 per cent, after opening at Rs 31,030, against a previous close of Rs 31,081. It touched the intra-day low of Rs 31,003.

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