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Gold futures finish sharply lower on Friday

05 Apr 2025 Evaluate
Gold futures finished sharply lower on Friday, marking lowest finish in the week as the dollar grew stronger as perceived safe haven amidst heightened concerns over global economic stability and inflationary pressures. China had announced 34% tariff on all US imports, in retaliation for President Trump’s duties.

Gold futures for April delivery down by $86.30 or 2.76% to settle at $3035.40 an ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $77.10 or 2.4% to $3,038.24 an ounce.