Gold futures finished lower on Thursday marking first loss in four sessions, weighed down by stronger dollar and Treasury Bond Yields. Further, profit taking after previous session’s highest finish in a week and Fed statement on more interest rate hikes to tackle the soaring inflation also led the downside trend.
Gold futures for April down by $12.20 or 0.70% to settle at $1878.50 ounce on the Comex division of the New York Mercantile. Spot gold fell by 0.33% or $6.11 to $ 1,855.67 per ounce.