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Gold futures finish sharply lower ahead of Fed meeting

29 Apr 2026 Evaluate
Gold futures finished sharply lower, near one- month low, on Tuesday, saddled by the bets on higher for longer Fed interest rates ahead to Fed meeting later this week. The stalled US-Iran peace talks and the ongoing closure of the Strait of Hormuz spurred inflation concerns. Strong dollar also saddled the yellow metal investments. 

Gold futures for June delivery tumbled by $85.30 to 1.81% to settle at $ 4,608.40 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $7.53 or 0.16% to $ 4,604.28 an ounce.

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