gold futures declined on wednesday giving up nearly all of what they gained a day earlier but settling above the key 2000 mark analysts attributed the price loss to strength in the us dollar as investors weigh the prospects for further interestrate hikes ahead of the federal reserve’s policy meeting in early may gold for june delivery gcm23 fell 1240 or 06 to settle at 200730 an ounce on comex after posting a gain of 06 or 1270 on tuesday factset data show prices for the metal held close to the settlement level after the fed’s beige book showed the us economy was “little changed” in late march and early april in electronic trading june gold was at 200710