Gold prices plummeted on Thursday as markets assessed the possibility of a ceasefire in the Middle East, and were also influenced by a stronger US dollar and soaring oil prices.Spot gold dropped USD130 or 2.9% to USD4,376.1 per ounce. Gold futures for April delivery lost USD175.4 or 3.9% to USD4,376.9 per ounce.Related NewsEli Lilly (LLY.US) Oral Weight-Loss Drug to Launch This Month, Shares Rise 4%Silver futures for May delivery fell 6.2% to USD68.13 per ounce.
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