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Gold futures end sharply lower ahead to Fed’s decision on interest rate hike

15 Mar 2022 Evaluate
Gold futures end lower on Monday, pressured by the anticipations over interest rate hike by Federal Reserve this week. Further, stronger US bond yields, fading worries over supplies and potential peace talks of Russia and Ukraine, spurred risk appetite in the market and dulled safe haven appeal of the bullion.

Gold futures for April fell 1.2% to settle at $1,960.80 per ounce on the Comex division of the New York Mercantile. Spot gold was down 1.4% to $1,957.57 per ounce.