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Gold futures finish nearly two month low level on Wednesday

28 Apr 2022 Evaluate
Gold futures finished nearly two month low level on Wednesday, due to the strength in dollar and as the expectations over a hawkish Federal Reserve monetary policy dulled investment appeal of the non-yielding bullion. 50 basis points rate hike by the Fed at its May 3-4 policy meeting is been anticipated.

Gold futures for June down by 0.8% or $15.40 at $1888.70 ounce on the Comex division of the New York Mercantile. Spot gold slipped by 0.8% to $1,889.84 per ounce.