Gold drops recording another low at $1,286.94 per ounce, as the U.S.
economy grew more rapidly in the fourth quarter than previously estimated
and applications for jobless benefits unexpectedly fell in the week ended 21st
of March were 15K lower than forecasts and 10K lower than ht previous week at
311K, the lowest since the 5th of December 2013.
Gold facing more pressure to proof the yellow heaven, as Fed
Chair Janet Yellen said last week that interest rates could
start increasing six months after the Fed ends its asset-purchasing program. Gold
traded at a high of $1,298.85 per ounce on the early morning before the drop of
$10 to record the low of $1,286.94.
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