Gold futures declined Thursday to finish at their lowest since Christmas Eve, a day after the Federal Reserve failed to offer any indication that it might reduce interest rates this year.
Strength in the U.S. dollar following the central bank’s widely expected decision to leave rates on hold also contributed to gold's sharp loss. June gold fell $12.20, or 1%, to settle at $1,272 an ounce on Comex. That was the lowest finish for a most-active contract since Dec. 24, according to FactSet data.
Source : Marketwatch