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Urgent: Gold down sharply after Fed rate hike

Xinhua, December 18, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday after the U.S. Federal Reserve raised interest rates.

The most active gold contract for February delivery fell 27.2 U.S. dollars, or 2.53 percent, to settle at 1,049.60 dollars per ounce. Endit