Gold futures edged lower Wednesday, losing ground as the U.S. dollar drifted to the upside.
Gold for February delivery GCG20, -0.28% on Comex fell $4.90, or 0.3%, to $1,475.70 an ounce, while March silver SIH20, -0.69% was off 11.7 cents, or 0.7%, at $16.995 an ounce.
Analysts said gold appeared to take a cue from the U.S. currency, with the ICE U.S. Dollar DXY, +0.19% a measure of the greenback against six major rivals, up 0.2% at 97.459. A stronger dollar can be a negative for commodities, making them more expensive to users of other currencies.
