COMMODITY
Gold futures finish sharply lower on Thursday
Dec-20-2024
Gold futures finished sharply lower on Thursday, as the hawkish Federal Reserve stance to reduce pace of interest rate cut for next year dulled the investment appeal of the bullion. Meanwhile, US economy climbed higher than expected in the third quarter, while jobless claims dipped more than anticipated. Stronger dollar and rise in bonds also dampened the yellow metal investments.

Gold futures for February delivery tumble by $45.20 or 1.73% to settle at $2,608.10 per ounce on the Comex division of the New York Mercantile. However, spot gold up by $6.12 or 0.24% to $ 2,600.13 an ounce.

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