WASHINGTON (dpa-AFX) - Gold futures fell Wednesday, extending recent losses amid diminished safe haven appeal.
Rising stocks and encouraging economic news have boosted risk appetite, driving gold to its lowest in more than a week.
Dec. gold fell $3.20, or 0.3%, to settle at $1,283/oz. Traders await the Federal Reserve's Beige Book for clues about interest rates.
With Hurricanes Harvey and Irma disrupting new residential construction in the South, the Commerce Department released a report on Wednesday showing a substantial decrease in housing starts in the month of September.
The Commerce Department said housing starts plunged by 4.7 percent to an annual rate of 1.127 million in September from the revised August estimate of 1.183 million. Housing starts has been expected to edge down by 0.5 percent.
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