Gold futures settled slightly lower in Wednesday trading, shedding $7.50 or 0.17% to close at $4,364.50 per ounce, after establishing a fresh intraday record high of $4,409.50 earlier in the session. The modest pullback came as market participants digested cooler-than-anticipated U.S. inflation figures that momentarily dampened safe-haven demand. The Labor Department reported that consumer prices rose 2.7% year-over-year in November, a deceleration that surprised economists who had forecast a 3.1% increase according to the Reuters consensus. The softer inflation print initially pressured gold prices as investors ... (full story)