Gold prices dropped sharply

Gold prices dropped sharply
Feb 24th 2015

Gold steadied near its lowest level in seven weeks as investors looked to Federal Reserve Chair Janet Yellen testimony on tomorrow for signs of when the U.S. central bank will raise interest rates.
The yellow metal hit an intraday low of $1191 on Monday, its weakest levels since 5th of January.
Expectations that the Fed will raise interest rates this year amid signals of a strengthening U.S. economy have hurt the safe- haven demand of the yellow metal.
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