Thu, 19 May 2016 08:51:15 GMT
Gold prices fall as US Dollar gains strength on Wednesday
Bullion broke support at $1,256, as it is its moving average of 200-days in a four hour frame, and might move lower than $1,230. Gold decreased 1.5% on Wednesday, as the Greenback gained strength after the Fed committee's minutes gave a big boost for the Buck. The Federal Reserve returned to hawkish rhetoric, which increased rate hike possibility in June.