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Urgent: Gold closes lower on Yellen speech

Xinhua, September 26, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange closed lower on Friday as the U.S. dollar rallied after Federal Chair Janet Yellen said the U.S. central bank would begin raising rates this year.

The most active gold contract for December delivery fell 8.20 U.S. dollars, or 0.71 percent, to settle at 1,145.60 dollars per ounce. Endit