Gold futures finished sharply lower on Monday marking the lowest level since early April 2020 as dollar and bond yields strengthens. Moreover, aggressive interest rate hikes by Federal Reserve also added the upside.
Gold futures for December narrowed by $22.20 or 1.3% to settle at $1633.40 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by 0.47% or $7.56 to $ 1,629.92 per ounce.