Gold futures end lower a day after highest finish since 2011

London (July 1)  Gold futures pulled back Wednesday, after settling a day earlier at their highest since 2011. "Gold remains in an uptrend but some fatigue may be kicking in," said Lukman Otunuga, senior research analyst at FXTM. Data from Automatic Data Processing Inc. Wednesday showed that U.S. private-sector employers added 2.37 million jobs in June, less than analysts expected. Still, "some optimism may return over the U.S. economy recovering quicker than expected," something that may hit haven gold, he said. August gold GCQ20, -1.26% fell $20.60, or 1.1%, to settle at $1,779.90 an ounce. Prices settled at $1,800.50 on Tuesday, the highest finish for a most-active contract since Sept. 2011, according to Dow Jones Market Data. Prices ended the second quarter with a gain of nearly 13%.

MarketWatch