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Urgent: Gold falls on Fed chair remarks

Xinhua, May 23, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange dropped on Friday as U.S. Federal Reserve Chair Janet Yellen said a rate hike this year is still possible if the economy continues to improve as she expected.

The most active gold contract for June delivery shed 0.1 U.S. dollars, or 0.01 percent, at 1,204.00 dollars per ounce. Endite