Gold futures sink to lowest settlement since 2009

Gold futures dropped on Thursday to log their lowest settlement since 2009, as the metal succumbed to a soaring dollar.

February gold GCF6, +0.54%  sank $27.20, or 2.5%, to settle at $1,049.60 an ounce after touching a low of $1,046.80. Prices saw their lowest settlement level since October 2009, based on the most-active contracts. They settled 1.4% higher on Wednesday, ahead of the Fed decision.

March silver SIH6, +0.45%  dropped 54.5 cents, or 3.8%, to $13.703 an ounce, following a 3.5% climb a day earlier.

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