Gold futures finish sharply lower as dollar, bonds firm
Gold futures finished sharply lower on Monday, saddled by the firmness in dollar and on strength in bond yield following intensified Middle East tensions as Iran denied holding talks with the US to end the conflict. Moreover, inflation concerns and bolstered expectations of interest rate hikes dulled the yellow metal investments.
Gold futures for April delivery tumble by $202.30 to 4.38% to settle at $4,407.30 an ounce on the Comex division of the New York Mercantile. While, spot gold plunge by $65.22 or 1.48% to $ 4,341.96 an ounce.
