Shanghai gold futures close lower

SHANGHAI -- Gold futures closed lower Wednesday in daytime trading on the Shanghai Futures Exchange.

The most active gold contract for December 2020 delivery was down 26.64 yuan (about $3.83) to close at 417.16 yuan a gram.

The total trading volume for eight listed gold futures contracts on the exchange was 304,215 lots, with a turnover of about 128.4 billion yuan.

China launched gold futures in January 2008.