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Gold futures finish sharply lower on stronger dollar

08 Mar 2023 Evaluate
Gold futures finished sharply lower on Tuesday, pressured by stronger dollar and on firmly hawkish tone of Federal Reserve Chairman Jerome Powell at his testimony to the Senate Banking Committee.

Gold futures for April tumbled by $34.60 or 1.90% to $1820.00 ounce on the Comex division of the New York Mercantile. Spot gold slipped by 0.16% or $2.83 to $1,810.62 per ounce.