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Urgent: Gold down on strong dollar, Fed rate hike fears

Xinhua, March 11, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange closed lower on Tuesday as the U.S. dollar index hit multi-year highs amid U.S. rate hike worries.

The most active gold contract for April delivery lost 6.4 U.S. dollars, or 0.55 percent, to settle at 1,160.10 dollars per ounce. Endite