Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures fell almost $5 an ounce Wednesday, closing lower for the first time in five sessions as rising bond yields, the stronger dollar and declining crude-oil prices combined to squeeze demand for the precious metal.

Gold for August delivery shed $4.70, or 0.7%, to close at $660 an ounce on the New York Mercantile Exchange. The contract broke a winning streak that had spanned four sessions and added $12 to the benchmark price. See full story.