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Gold loses Rs.250 on US rate hike chances, now at 2-month low

Gold loses Rs.250 on US rate hike chances, now at 2-month low

Wednesday, March 15, 2017, 4:12 PM

Gold prices continued to feel the squeeze of growing bets for an interest rate hike by the US Fed as it slumped Rs 250 today to an over two-month low of Rs 28,650 per 10 grammes. The hawkish comments from Federal Reserve officials, including Chairman Janet Yellen, have helped boost expectations that a rate increase is round the corner.
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