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Gold futures settle below $1,800 for the first time in nearly 3 weeks

30885 gold futures settle below 1800 for the first time in nearly 3 weeks

Gold prices fell sharply on Thursday to settle below the key $1,800 mark for the first time in nearly three weeks, pressured by strength in the U.S. dollar which followed indications from the Federal Reserve that it plans to raise interest rates as soon as March. February gold GCG22, -1.98% lost $36.60, or 2%, to settle at $1,793.10 an ounce. That was the first finish below $1,800 since Jan. 10 and lowest settlement since Jan. 6, FactSet data show. April gold GCJ22, -2.00%, which is also among the most active, settled at $1,795, down $37, or 2%.

Source: Marketwatch

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