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Urgent: Gold down on Fed Chair Yellen's testimony in Congress

Xinhua, July 16, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange went down Wednesday as Fed Chairwoman Janet Yellen's statements indicated a rate hike by the end of the year.

The most active gold contract for August delivery fell 6.1 U.S. dollars, or 0.53 percent, to settle at 1,147.40 dollars per ounce. Enditem