Mon, 02 Feb 2015 16:14:05 GMT
Gold falls on prospects of high US rates
Bullion fell, after its biggest monthly gain in three years, on prospects for higher interest rate in the US. The yellow metal for immediate delivery decreased 0.7% to $1,275.04 an ounce as of 9:43 a.m. London time, and gold for April settlement dropped 0.3% to $1,275.50 in New York during the Comex.