Gold on MCX settled down -0.43% at 29533 dropped in the line of expectation tracking weakness from Comex Gold which settled down by $3.50 at $1315 an ounce, easing from an 11- month high from the previous session as a stronger dollar and upbeat U.S. economic data prompted prices to snap a three-session streak of gains. Gold had logged gains in each of the last three sessions as North Korean jitters and the still unfolding record-setting impact from Hurricane Harvey drove investors into haven assets, but two upbeat economic reports Wednesday were seen as potentially giving the Federal Reserve cover to raise interest rates again this year.
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