Gold futures finish sharply lower as dollar strengthens
Gold futures finished sharply lower on Wednesday, saddled by the firmness in dollar, and on rising Treasury yields. Additionally, surging oil prices intensified inflationary risks and trimmed bets on central bank interest rate cuts, dulling yellow metal investments.
Gold futures for April delivery dipped by $63 to 1.2% to settle at $5,179.10 an ounce on the Comex division of the New York Mercantile. Spot gold down by $22.41 or 0.43% to $5,154.05 an ounce.
