Gold futures ended lower on Wednesday as the dollar strengthened against a basket of major currencies. Yellow metal prices further declined as ADP employment data for August estimated private-sector payrolls rose by 237,000 compared a consensus estimates of 185,000. Meanwhile, the Commerce Department raised its estimate of second-quarter GDP growth to an annual rate of 3% from 2.6% previously, beating economists’ forecasts of 2.8%.

Gold futures for December delivery declined $4.80, or 0.4 percent, to settle at $1,314.10 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.1 percent at $1,307.51 an ounce.

Get More>> Indian Stock Market Tips>> Click Here>> http://www.ripplesadvisory.com/services.php.