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Gold futures finish sharply lower as Russia-Ukraine peace talk progress

30 Mar 2022 Evaluate
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.