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Gold futures finish sharply lower on Thursday

16 Dec 2022 Evaluate
Gold futures finished sharply lower on Thursday, as the head winds dollar and Treasury bond yield notes advanced pressuring investment of the bullion. Moreover, decision of Federal Reserve to continue with hawkish monetary policy for longer period dulled yellow metal investments. 

Gold futures for February shrunk by $30.90 or 1.7% to settle at $1787.80 ounce on the Comex division of the New York Mercantile. Spot gold rose by $ 2.05 or 0.12% to $1,778.90 per ounce.