Gold futures end lower as U.S. inflation data provides little indication of the Fed’s path for interest rates

Gold futures finished lower on Wednesday, giving back more than half of what prices gained in the previous session. The U.S. April consumer price index data were “mixed in nature,” so gold and silver saw a selloff after an initial jump in prices, said Chintan Karnani, director of research at Insignia Consultants. “There is no confirmation of the next interest rate move by the Federal Reserve,” he said. Gold for June delivery GCM23 settled at $2,037.10 an ounce on Comex, down $5.80, or 0.3% for the session.

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