Gold futures settled lower on Tuesday, with the intensified worries over sharper interest rate hikes by Federal Reserve to tackle the persisting inflation surge. Steady dollar also dulled investment appeal of the yellow metal.
Gold futures for December dipped by $8.20 or 0.5% to settle at $ 1655.80 ounce on the Comex division of the New York Mercantile. Spot gold narrowed by $2.25 or 0.14% or $1,649.97 per ounce.