Gold Futures Continues to Ease

Gold futures closed lower Wednesday despite weakness in the U.S. dollar, to tally a seven-session loss of more than $82 an ounce.

Gold for August delivery fell 30 cents to close at $566.50 an ounce on the New York Mercantile Exchange, reversing course late in the session to retreat from an intraday high of $575.50. In electronic trading Wednesday evening, the contract traded as low as $557.10.