Gold futures settle higher after a more than 4% loss a day earlier

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Gold futures settled higher on Wednesday, recouping a small portion of the more than 4% loss they suffered a day earlier. U.S. Treasury yields continued to strengthen, but traded off the day’s highs, while the dollar edged lower, providing some support for gold, which is traded in the greenback. December gold rose $2.70, or 0.1%, to settle at $1,949 an ounce. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.