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Gold futures finish sharply lower on strong dollar

27 Jan 2022 Evaluate
Gold futures finished sharply lower on Wednesday weighed by the firmer bond yields and dollar after US Federal Reserve meeting ended with a hawkish tone, indicating hike of interest rates by March.
 
Gold futures for December tumble by 1.2% or $22.80 to settle at $1829.70 an ounce on the Comex division of the New York Mercantile. Spot gold shrunk 1.6% at $1,818.66 per ounce.