Gold prices drifted lower on Wednesday, falling for a second straight session and pushing the most active gold futures contract to the lowest settlement in nearly two months.
The dollar's weakness helped limit gold's downside. The dollar index, which rose sharply on Tuesday after data from the Labor Department showed hotter-than-expected inflation in the U.S. in the month of August, dropped to 109.28 this morning. The index was last seen hovering around 109.50, down by about 0.3% from the previous close.
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