Gold retreated from its highest level in 11 months on Wednesday, as a stronger dollar and upbeat U.S. economic data set prices up to snap a three-session streak of gains.

Gold had logged gains in each of the last three sessions as North Korean jitters and the still unfolding record-setting impact from Hurricane Harvey drove investors into haven assets, but two upbeat economic reports Wednesday were seen as potentially giving the Federal Reserve cover to raise interest rates again this year.

Gold for December delivery GCZ7, -0.41%  fell $4.40, or 0.3%, to $1,3164.50 an ounce. That’s a pullback from the settlement at $1,318.90 an ounce Tuesday, the highest since Sept. 29 of last year.


A popular exchange-traded fund, the SPDR Gold Shares ETF GLD, -0.01%  traded nearly flat, while the VanEck Vectors Gold Miners ETF GDX, -0.64% fell 0.9%.

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Very informative
05-03 04:23 by Liam
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