- Spot gold was little changed at $1,186.15 an ounce by 0017 GMT, after falling as much as 1.4 percent to $1,182.05 on Monday.
- Fed Chair Janet Yellen said on Friday that an increase in the central bank’s benchmark rate “may well be warranted later this year” given continued improvement in U.S. economic conditions, sending the dollar higher and pulling gold further away from a recent three-week peak.
- Bullion is down more than 2 percent so far in March. It is nearly flat for the quarter.
The material has been provided by InstaForex Company – www.instaforex.com