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Gold down sharply after dollar strengthens

Xinhua, April 15, 2016 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday as the U.S. Dollar rose sharply, putting pressure on the precious metal.

The most active gold contract for June delivery fell 21.8 U.S. dollars, or 1.75 percent, to settle at 1,226.50 dollars per ounce.