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31-Aug2018

Gold futures end lower on Thursday

Gold futures extended losing streak to third straight session on Thursday, owing to a stronger dollar and on better-than-expected US economic growth. Meanwhile, anticipations that the Federal Reserve will stick to a steady pace of rate hikes also diminished the bullion's appeal.

Gold futures for December delivery settled down $6.50, or 0.5 percent, at $1,205.00 per ounce, on the Comex division of the New York Mercantile. While, spot gold lost 0.6 percent to $1,198.84 ounce.


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