Gold eases for 3rd day in a row

Gold prices fell on Tuesday for the third day in a row on firmer U.S. dollar and as there is a higher possibility for more Western sanctions against Russia.

This also comes while global markets expect more and faster than expected rate hikes by the U.S. Federal Reserve.

Spot Gold soared by 0.1% or $1.9 to trade at $1933.9 per ounce by 1703 GMT.

Meanwhile, the U.S. dollar index rose by 0.2% to 99.1 points as the USA and EU countries discusses imposing more hard sanctions on Moscow.