Gold prices suffer biggest one-day loss in a week

Gold futures fell sharply Tuesday, suffering from the largest one-day dollar and percentage loss in a week. The U.S. dollar strengthened and bond yields rose as expectations for future interest-rate hikes increased during Federal Reserve Chairman Jerome Powell’s congressional testimony. April gold lost $14.20, or 1.1%, to settle at $1,318.60 an ounce–the lowest finish since Feb. 9.

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From:: Stock Market News

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