COMMODITY
Gold futures finish sharply lower as dollar firms
Jan-14-2025

Gold futures finished sharply lower on Monday after four straight sessional gains, saddled by the strength in US Treasury bond yield notes and as dollar soared to an over two-year high. Additionally, potential Federal Reserve approach to slow the interest rate cuts also pressured yellow metal rates.

Gold futures for February delivery tumble by $36.40 or 1.35% to settle at $ 2,678.60 ounce on the Comex division of the New York Mercantile. However, spot gold rose by $7.98 or 0.30% to $2,671.14 an ounce.


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