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Gold futures trade sharply lower ahead of Fed minutes and US economic data

16 Feb 2026 Evaluate
Gold traded sharply lower in early deals of Monday, saddled by the technical correction ahead to crucial PCE and GDP data, along with Fed minutes, to determine the trajectory of future rate reductions. Strength in dollar also dulled investment appeal of the bullion. The yellow metal for the most active contract had marked 1.3% gain for last week

Gold futures for April delivery plunged by $52.70 or 1.04% to $4,993.60 an ounce on the Comex division of the New York Mercantile. While, spot gold tumbled by $67.09 or 1.33% to $4,974.95 an ounce.

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