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Gold futures finish near two-month low on Monday

26 Apr 2022 Evaluate
Gold futures finished sharply lower on Monday registering two month lower rate, pressured by the stronger dollar and on looming US interest rate hike bets. Technical correction came after the yellow metal peaked on safe haven appeal of the bullion amid persisting contingencies surrounding Ukraine-Russia war and surging inflation.

Gold futures for June down 2% or $38.30 at $1896.00 ounce on the Comex division of the New York Mercantile. Spot gold down 1.7% to $1,897.01 per ounce.