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Urgent: Gold down on Yellen comments

Xinhua, July 17, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell Thursday after U.S. Federal Reserve Chairwoman Janet Yellen confirmed an increase in the interest rate later in 2015.

The most active gold contract for August delivery lost 3.5 U.S. dollars, or 0.31 percent, to settle at 1,143.90 dollars per ounce. Endite