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Gold futures closed lower in the domestic market on Wednesday as a rally in the U.S. stock market dulled investment demand for the precious metal. Gold prices have posted gains in each of the past four weeks following statements from Trump, and partially contradictory follow-ups from his cabinet nominees, about the relative strength of the dollar. Gold had also gained in step with currency volatility as Trump removed the U.S. from the Trans-Pacific Partnership and looks to renegotiate the North American Free Trade Agreement. At the MCX, gold futures for February 2017 contract ended at Rs 28364 per 10 grams, down by 1.26 per cent, after opening at Rs 28,650 against a previous close of Rs 28,725. It touched the intra-day low of Rs 28,357.
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