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Urgent: Gold down sharply on rate hike talk

Xinhua, October 30, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell Thursday as the U.S. Federal Reserve indicated that it would consider an increase in the interest rate during the Federal Open Market Committee (FOMC) meeting in December.

The most active gold contract for December delivery fell 28.8 U.S. dollars, or 2.45 percent, to settle at 1,147.30 dollars per ounce. Endit