Gold Bucks Weak U.S. Dollar To Settle Marginally Lower

Gold prices settled slightly lower on Wednesday, ignoring the weaker dollar, as the precious metal took a breather from its recent rally. Gold for December delivery slid $1 to settle at $1,278.40 an ounce. A soft dollar is typically supportive of dollar-denominated assets such as gold. The U.S. Dollar Index shed 0.4% to 92.69. Silver for September delivery also fell 3 cents, or 0.2%, to settle at $16.733 an ounce.