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Gold futures finish sharply lower on Thursday

23 Dec 2022 Evaluate
Gold futures finished sharply lower on Thursday, pressured by the firmer dollar after revision of US GDP growth. Moreover, aggressive interest rate hikes by central banks supported the bearish trend.

Gold futures for February dipped by $30.10 or 1.7% to settle at $1795.30 ounce on the Comex division of the New York Mercantile. Spot gold declined by 1.50% or $1,786.19 per ounce.