Gold futures headed lower for a second session on Wednesday, falling below the key level of $1,300 an ounce as traders reacted to reports of talks aimed at resolving the Ukraine-Russia conflict and listened in on remarks from Federal Reserve Chairwoman Janet Yellen.
Gold for June delivery was last down $9.90, or 0.8%, to $1,298.70 an ounce on the Comex division of the New York Mercantile Exchange. July silver lost nearly 20 cents, or 1%, to $19.45 an ounce.
Gold for June delivery was last down $9.90, or 0.8%, to $1,298.70 an ounce on the Comex division of the New York Mercantile Exchange. July silver lost nearly 20 cents, or 1%, to $19.45 an ounce.