Gold futures mark first loss in 3 sessions – MarketWatch

Gold futures declined on Wednesday, pulling back a day after settling at their highest in 13 months. Expectations for talks between Russia and Ukraine helped ease haven demand for the metal. Still, “demand for safe-havens will remain elevated as this is likely the very early stages of the Russia-Ukraine war,” said Edward Moya, senior market analyst at OANDA. “Gold will remain very sensitive to incremental updates but should still see a strong move higher as geopolitical tensions and growth concerns will not be going away anytime soon.” April gold GCJ22, -1.08% fell $21.50, or 1.1%, to settle at $1,922.30 an ounce. On Tuesday, prices gained 2.3% to finish at $1,943.80, the highest for a most-active contract since January 2021.