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Gold futures trade sharply lower as dollar strengthens

17 Feb 2026 Evaluate

Gold traded sharply lower in early deals on Tuesday, with the firmness in dollar. Moreover, dulled safe haven appeal of the bullion amidst optimism regarding US-Iran nuclear talks and hawkish Federal Reserve also saddled the yellow metal rates.

Gold futures for February delivery plunged by $69.10 or 1.37% to $4,977.20 an ounce on the Comex division of the New York Mercantile. Spot gold down by $44.32 or 0.89% to $4,947.76 an ounce.