Gold prices fell to new 5-year lows Monday, following last week’s hawkish remarks on interest rates by Federal Reserve Chair Janet Yellen.
Evidence that Chinese gold bugs are cashing in on reserves has also dented prices.
August gold dropped $25.10, or 2.2%, to settle at $1,106.80 an ounce for the Comex session.
The material has been provided by InstaForex Company – www.instaforex.com