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Gold futures finish sharply lower on Thursday

06 Feb 2026 Evaluate
Gold futures finished sharply lower on Thursday, after the metal repeatedly hit record highs in January. The yellow metal saddled by the strength in dollar and on bets over shifting expectations for Federal Reserve interest rate. Besides, cooling recent Middle East tensions as the US and Iran agreed to hold nuclear talks in Oman on Friday, February 6, trimmed safe haven appal of the bullion.

Gold futures for February delivery tumbled by $61.30 or 1.2% to settle at $4,889.50 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $ 43.27 or 0.91% to $ 4,822.32 an ounce.

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