Gold futures finished sharply lower on Tuesday, saddled by the firm dollar and advance in US Treasury bond yield notes followed by robust US economic data and on hawkish note by Fed chair. The yellow metal for the most active contract marked its lowest settlement since May 1.
Gold futures for June down by $29.70 or 1.5% to settle at $1993.00 ounce on the Comex division of the New York Mercantile. While, spot gold up by $2.36 or 0.12% to $1,991.53 per ounce.