: Gold futures settle at lowest since April 2020

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Gold futures settled at their lowest price in more than two-and-a-half years on Thursday, as the U.S. dollar strengthened in the wake of the Federal Reserve’s decision to lift interest rates and as Fed Chairman Jerome Powell’s comments left open the possibility of higher-than expected rates ahead. Gold for December delivery GCZ22, +0.28% fell $19.10, or 1.2%, to settle at $1,630.90 an ounce on Comex, the lowest finish for a most-active contract since early April 2020, FactSet data show.

This article was originally published by Marketwatch.com. Read the original article here.

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