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Gold futures finish sharply lower as Fed rate cut bets dampens

13 Mar 2026 Evaluate
Gold futures finished sharply lower for the second straight session on Thursday, as the surging energy prices amidst escalating Middle East tensions, spurred inflation concerns and dampened bets on Federal Reserve interest rate cuts. Moreover, stronger dollar saddled investment appeal of the bullion.

Gold futures for April delivery dipped by $53.30 to 1.02% to settle at $5,125.80 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $24.47 or 0.48% to $ 5,103.68 an ounce.