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Gold futures finish sharply lower as dollar firms

24 Jun 2026 Evaluate
Gold futures finished sharply lower on Tuesday, near seven-month lows, pressured by the strength in dollar and on rising bond yield notes. Additionally, intensified bets of a Federal Reserve interest rate hike also fuelled the negative trend.

Gold futures for August delivery trimmed by $53.30 to 1.26% to settle at $4,149.40 an ounce on the Comex division of the New York Mercantile. While, spot gold plunged by $53.63 or 1.30% to $4,063.56 an ounce.

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