SAN FRANCISCO, MarketWatch (20/12) --
Gold futures dropped more than 3% on Thursday to mark their lowest close
in more than three years following the Federal Reserve's decision to
taper its asset-purchase program and a rally in the U.S. dollar.
February
gold sank $41.40, or 3.4%, to settle at $1,193.60 an ounce on the Comex
division of the New York Mercantile Exchange. Futures prices, tracking
the front-month contracts, haven't closed at a level that low since Aug.
3, 2010, according to data from CME Group.
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