India, July 1 -- Gold prices traded lower on Wednesday as investors weighed U.S.-Iran tensions and awaited key U.S. economic data for additional clues on the outlook for U.S. monetary policy.
Spot gold dipped 0.7 percent to $3,981 an ounce, after having fallen 12 percent in June, its largest monthly drop since 2008 and fourth straight monthly loss on rising interest-rate expectations and a stronger dollar. U.S. gold futures were down more than 1 percent at $3,995.85.
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