Gold futures ended modestly lower on Tuesday, weighed down by the peaked US treasury bond yields and muted buying activity by Gold ETF investors. Delay and lack of clarity on the next instalment of the US stimulus package have pushed yields higher, dulling the investor appetite for the yellow metal.
Gold futures for April delivery fell by $30.50 or 1.6% to settle at $1,833.40 an ounce on the Comex division of the New York Mercantile. Spot gold dipped by 1.4% to $1,835.11 per ounce.