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Gold futures settle lower as dollar, bonds firms

06 Apr 2022 Evaluate
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.