Gold futures mark lowest finish since late December

Gold futures declined Tuesday to mark their lowest finish since December. Despite the sharp rise in U.S. Treasury yields and the strength of the US dollar, gold prices are only slightly weaker, “perhaps reinforcing the idea that these U.S. dollar moves have more to do with position adjustments ahead of [Wednesday’s] Fed minutes, which could come out as unexpectedly hawkish,” said Michael Hewson, chief market analyst at CMC Markets UK. Gold for April delivery
GCJ23,
-0.44%
fell $7.70, or 0.4%, to settle at $1,842.50 an ounce on Comex, the lowest most-active contract finish since Dec. 30, FactSet data show.