Gold prices settle at lowest in nearly 2 weeks

Gold futures fell for a third straight session on Tuesday, settling at their lowest in nearly two weeks. The recent sharp rise in U.S. Treasury yields has "dimmed the appeal of gold ahead of what could well be a hawkish statement" and press conference from the Federal Reserve on Wednesday, said Michael Hewson, chief market analyst at CMC Markets UK. April gold fell $31.10, or 1.6%, to settle at $1,929.70 an ounce. That was the lowest most-active contract finish since March 2, FactSet data show.

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