Gold futures finish sharply lower as dollar, bonds rise
Gold futures finished sharply lower on Thursday, saddled by the rising dollar and firmer bond yield notes. Additionally, bets on higher for longer central bank benchmark interest rates and inflation concerns amidst looming Middle East conflicts as well as surging energy prices dulled yellow metal rates.
Gold futures for April delivery tumbled by $176 to 3.8% to settle at $4,376.30 an ounce on the Comex division of the New York Mercantile. While, spot gold soared by $57.65 or 1.32% to $ 4,433.76 an ounce.
