Gold futures ended lower on Friday, as the interest rate hike by the Federal Reserve dulled investment appeal of the non-interest bearing bullion. Moreover, potential attempts for peace between Russia and Ukraine also faded safe haven bullion investments. The yellow metal for the most active contract dipped by 3% for the week, making worst dip in four months.
Gold futures for April slipped by 0.7% to settle at $1,929.30 per ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.7% to $1,929.56 per ounce.