Gold futures finish sharply lower on strong dollar
Gold futures finished sharply lower on Wednesday weighed by the firmer bond yields and dollar after US Federal Reserve meeting ended with a hawkish tone, indicating hike of interest rates by March.
Gold futures for December tumble by 1.2% or $22.80 to settle at $1829.70 an ounce on the Comex division of the New York Mercantile. Spot gold shrunk 1.6% at $1,818.66 per ounce.