Gold prices settle at a nearly 2-week low

Gold prices declined Wednesday to post their lowest settlement in almost two weeks. Prices have been "affected by a combination of U.S. dollar index and bond yields," said Chintan Karnani, director of research at Insignia Consultants, adding that bond traders expect some surprises from the European Central Bank meeting Thursday. For now, gold traders are booking profit between $1,825 and $1,835, he said. August gold GCQ21, -0.50% fell $8, or 0.4%, to settle at $1,803.40 an ounce. That was the lowest most-active contract finish since July 8, FactSet data show.