NEW YORK (MarketWatch) -- Gold futures edged lower Wednesday as a stronger dollar reduced the metal's investment appeal and as data showed holdings in the biggest gold exchange-traded fund fell again.
On the Comex division of the New York Mercantile Exchange, the most active December contract settled at $945.80 an ounce, down 20 cents. It fell as low as $941.20 earlier.
The less active August contract, which expires Thursday, also ended slightly over at $944.30. Trading has taken place in small ranges this week.
"The rangebound conditions that have hitherto characterized the summer's action in gold continue to persist," said Jon Nadler, senior analyst at Kitco Metals Inc.