Gold falls on prospects of high US rates

Source: Bloomberg
© Scanpix/FP
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.
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