Off the wire
Feature: New dawn for Dutch dairy market as EU lifts milk quota system  • Portugal's unemployment rate rises to 14.1 pct in February  • 14-year-old facing terrorism charges in Austria  • Poland further implements national counter-terrorism program  • EU security policy must be "developed together with Russia, not against it": Merkel  • NATO head outlines areas for increased cooperation with EU  • Wind-down of troubled bank raises Austrian deficit by 4.8 bln USD  • LME base metals close mixed on Monday  • Spanish stock market rises 0.89 pct, closes at 11,529 points  • More foreigners stay overnight in Icelandic hotels in 2014  
You are here:   Home

Urgent: Gold down sharply on Fed's Yellen rate hike comment

Xinhua, March 31, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell sharply on Monday as Federal Reserve Chairwoman Janet Yellen said that she believed an interest rate increase would happen in later 2015 given sustained improvement in the U.S. economy.

The most active gold contract for June delivery fell sharply 15. 4 U.S. dollars, or 1.28 percent, to settle at 1,185.30 dollars per ounce. Endite