Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in interest rates, but raised doubts over the outlook for further monetary easing this year.
"The Fed is, without a doubt, a headwind at this juncture," said Adam Koos, president of Libertas Wealth Management Group. "However, the [stock] market testing summer highs is putting a damper on the fear trade," and haven demand for gold.
December gold declined by $9.60, or 0.6%, to settle at $1,506.20 on Comex after posting gains over the last three sessions.
Source : Marketwatch