Gold futures settled lower on Tuesday, pressured by the firmness in dollar and Treasury bond yields dulling investments. Moreover, expectations on hawkish monetary policy by Federal Reserve also dulled non-yielding bullion investments. However, uncertainty over Russia-Ukraine reaching cease fire and economic ramifications amid geo-political tension limited further losses in the yellow metal.
Gold futures for June dipped down 0.3% at 1,927.50 per ounce on the Comex division of the New York Mercantile. While, spot gold slipped 0.6% at $1,921.47 per ounce.