LONDON: Gold prices hit three-week lows on Thursday after posting its biggest one-day fall since late January in the previous session, reacting to comments from Federal Reserve head Janet Yellen suggesting US interest rates could rise sooner than expected.
The dollar rose sharply, stocks fell and short-term US bond yields jumped by the most in almost three years after Yellen said the bank may end its bond-buying programme this autumn, and could start to raise interest rates around six mont ..
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