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Gold futures finish sharply lower on Tuesday

16 Mar 2022 Evaluate
Gold futures finished sharply lower on Tuesday as the safe haven appeal of the bullion dulled with the peace talks between Russia and Ukraine, and on expectations over hawkish stance by Federal Reserve to tackle the mounting inflationary pressure. 

Gold futures for April tumbled by 1.55% to settle at $1,929.30 per ounce on the Comex division of the New York Mercantile. Spot gold dropped 1.8% to $1,915.48 per ounce.