Gold futures finished sharply lower on Tuesday, registering finish near two week low rate after risk appetite got lifted amid reports on progress in Russia-Ukraine peace talks. The yellow metal plunged to $1888.30 in the intraday as investor’s eyed on cease-fire agreement by Russia. The hawkish Federal Reserve outlook to tackle the inflation also weighed on bullion investments.
Gold futures for April dipped by 1.4% to settle at $1,912.20 on the Comex division of the New York Mercantile. While, spot gold down by 0.4 % to $1,916.28 per ounce.