CHICAGO, Feb. 13 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell Wednesday to the lowest level since August 22.
The most active gold contract for April delivery dropped 4.5 dollars, or 0.27 percent, to settle at 1,645.1 dollars per ounce.
Gold prices have fluctuated within a 50-dollar range since the beginning of this year.
Actually, even the unoptimistic retail sales figure failed to boost gold. Statistics released Wednesday showed that due to a 2- percent tax hike in January, the U.S. retail sales grew at a slower pace.
Investors are also waiting for the G20 meeting this weekend for some hint on currency policy. Weak currencies usually drive investors toward the previous metal.
Nevertheless, the gold market needs a clearer signal from the Federal Reserve on whether it will kick off tightening policy this year.
Silver for March delivery lost 15 cents, or 0.48 percent, to close at 30.869 dollars per ounce. Platinum for April delivery rose 12.5 dollars, or 0.73 percent, to close at 1,729.7 dollars per ounce.
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