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Gold futures end sharply lower on dollar rally

13 May 2022 Evaluate
Gold futures ended sharply lower on Thursday, as the rally in dollar weighed the green back denominated bullion. Moreover, accelerated bets on more aggressive interest rate hike by US Federal Reserve Bank also dulled yellow metal investments. 

Gold futures for June dipped by 1.6% or $29.10 to settle at at $1,824.60 on the Comex division of the New York Mercantile. While, spot gold fell 1.6% to $1,823.14 per ounce.