Gold Market Update : Epic Research Singapore

Gold prices fell Monday to settle below the key psychological level of $1,250 an ounce as prominent Federal Reserve officials raised the possibility of an interest-rate hike as early as April.

April gold GCJ6, -0.02%  fell $10.10, or 0.8%, to settle at $1,244.20 an ounce, extending losses from Friday, when the contract declined about 0.9%. Gold prices were down 0.4% last week, their fourth losing week out of five.

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