Gold futures finish sharply lower as dollar rises
Gold futures finished sharply lower on Tuesday after two straight sessional gains, with the strength in dollar and bonds yield notes. Additionally, reduced bets on further Fed interest rate cuts and technical selling at prevailing levels saddled the rates.
Gold futures for April delivery tumbled by $187.90 or 3.5% to $5,123.70 an ounce on the Comex division of the New York Mercantile. However, spot gold surged by $73.85 or 1.45% to $5,162.68 an ounce.
