PRECIOUS-Gold under pressure on Yellen's support for rate hikes
Jan 19 Gold prices on Thursday held on to their losses from the previous session, when they fell 1 percent on a strong dollar, after Federal Reserve Chair Janet Yellen advocated lifting U.S. interest rates gradually. FUNDAMENTALS * Spot gold was largely flat at $1,203 per ounce by 0100 GMT. The bullion hit an eight-week high of $1,218.64 on Tuesday, but fell 1 percent in the previous session as dollar strengthened. * U.S. gold futures were down 0.7 percent at $1,203.