Gold touched its weakest level since February as Federal Reserve Chair Janet Yellen indicated another interest rate hike might be considered in the following months, citing strengthening US economy.
The Fed head backed what some policymakers have mentioned last week, that signs of improving US economy meant raising rates could now be taken into account.
Bullion for immediate delivery closed at $1,200.03 per ounce, down 1%, the lowest since February 17. Prices, which have dropped for ninth consecutive days, are poised for its biggest monthly decline since 2013.
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