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Gold futures finish sharply lower on strong dollar

04 Apr 2025 Evaluate

Gold futures finished sharply lower on Thursday, due to technical correction after recent record highs. Moreover, strength in dollar after Trump unveiled a 10% baseline tariff on imports from all countries saddled the yellow metal rates.

Gold futures for April delivery down by $44.50 or 1.4% to settle at $3,121.70 an ounce on the Comex division of the New York Mercantile. Spot gold dipped by $15.42 or 0.50% to $3,099.92 an ounce.