Gold futures finished sharply lower on Thursday as an energy-driven geopolitical crisis stoked global inflation fears, boosting the dollar and cementing expectations for higher interest rates.
Gold futures for August delivery tumbled by $59.70 to 1.47% to settle at $3,992.10 an ounce on the Comex division of the New York Mercantile. However, spot gold up by $13.65 or 0.34% to $3,990.15 an ounce.
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