Gold Futures Close Below $1,800

Gold prices declined on Tuesday, losing the key $1,800 support level, as the U.S. Treasury yields rose significantly leading to increased demand from investors.

The yellow metal futures for April delivery dropped by $24.20, or 1.3%, to close at $1,799 per ounce.

This is the lowest closing level for gold’s most active contracts since February 4.

Meanwhile, silver futures for March delivery decreased by one cent, to finish nearly unchanged at $27.325 per ounce.