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Gold futures finish sharply higher as dollar retreats

29 Sep 2022 Evaluate
Gold futures finished sharply higher on Wednesday rebounding from two-and-half year trough, as dollar retreats from its 20- year high. The green back dipped after the Bank of England (BOE) purchased UK government bonds, lifting yellow metal investments.

Gold futures for December surge by $33.80 or 0.2% to settle at $1670.00 an ounce on the Comex division of the New York Mercantile. While, spot gold down by 0.40% or $6.60 to $1,653.37 per ounce.