Gold futures (GC=F) tumbled more than 2% on Tuesday to trade below $4,200 per troy ounce. "The [price] move is forcing investors with long-held bullish positions to reassess the outlook, particularly as higher inflation and tighter monetary policy create a less supportive environment for non-yielding assets,

Gold was steady after Israel and Iran agreed to end attacks that had jeopardized talks to end the war in the Middle East.