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Gold futures finish sharply lower on Friday, marks seventh weekly rise
Feb-15-2025
Gold futures finished sharply lower on Friday, retreating from previous session’s record-highs of $2,945 as part of technical correction. Besides, the news that the US will mediate to negotiate a ceasefire with Moscow over Russia’s war with Ukraine raised expectations of ending war and trimmed some safe haven bullion bets. However, the yellow metal for the most active contract marked 0.45% gain for the week marking seventh consecutive weekly rise.

Gold futures for April delivery tumbled by $44.70 or 1.52% to settle at $2,900.70 ounce on the Comex division of the New York Mercantile. While, spot gold down by $45.68 or 1.56% to settle at $ 2,882.53 an ounce.
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