Gold futures settled lower on Tuesday, easing from previous sessional gain as the head winds of dollar and bond yields pressured the bullion investments. Additionally bets on interest rate hikes by Federal Reserve in midst of surging inflation ahead to the Central Bank’s key policy decision also saddled the yellow metal rates.
Gold futures for December slipped by 0.4% or $6.40 to settle at $1789.40 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.3% at $1,787.04 per ounce.