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Gold futures settle sharply lower for third straight session

02 Sep 2026 Evaluate
Gold futures settled sharply lower for third straight session on Tuesday, saddled by the soaring US Treasury bond yield notes and firming greenback against its peers. Additionally, intensified bets over September benchmark interest rate hikes by Federal Reserve also dulled bullion’s investment appeal. 

Gold futures for December delivery tumbled by $85.10 or 1.89% to settle at $4,396.40 an ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $22.39 or 0.52% to $ 4,306.43 an ounce.