Gold settles lower as market mulls timing of U.S. rate hike

Gold futures settled lower Thursday as investors parsed the minutes of the Federal Reserve’s April meeting released a day earlier, digging for further clues of the timing of an interest-rate hike.

Gold for June delivery on Comex GCM5, +0.20%  shed $4.60, or 0.4%, to settle at $1,204.10 an ounce, while July silver SIN5, -0.01%  climbed by 1.9 cents, or 0.1%, to $17.132 an ounce.

Longer-term, Adam Koos, president of Libertas Wealth Management Group, is upbeat on gold.

“We have a lot more time left in 2015 and I don’t see a rate hike coming till at least [the fourth quarter], if not a further delay into 2016,” he said.

“With that all said, there are four variables that I think will be catalysts for a long-term upward move in gold: inflation, the U.S. dollar DXY, -0.20% a crash in the equity markets, and/or the future of the eurozone,” he said.

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