Gold futures finished sharply lower on Wednesday, with the increased risk appetite in the market after crude oil rate retreated amid Russia-Ukraine war. The yellow metal registered first loss in five straight sessions, with the profit taking at prevailing session. The precious metal had notched highest gain in 19 months in the previous session.
Gold futures for April dipped by 2.7% to settle at $1,988.20 on the Comex division of the New York Mercantile. While, spot gold fell by 3.3% to $1,983.96 per ounce.