Gold on Thursday 2nd March 2017, Gold prices down by -258 pts (-0.88%) & closed at 29170 trading range between 29143-29422 and April Comex Gold futures closed at $1232.90, division of the New York Mercantile Exchange. Gold prices widened their losses on Thursday to a one-week low as the dollar rallies to a seven-week high, amid surging odds for another Fed rate hike this month. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.3% at 102.05. Fed Governor Lael Brainard said Wednesday evening the Fed could raise rates "soon," while Fed Governor Jerome Powell said Thursday that “the case for a rate increase for March has come together”.
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