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Gold Market Report Headlines

PRECIOUS-Gold at 3-month low after Yellen hints at possible rate hike

* Gold on track for biggest weekly decline since November * Fed Chair Yellen's comments lift U.S. dollar, push gold lower * Platinum and silver prices reach multi-week lows (Recasts following remarks by Federal Reserve chief Yellen; updates prices; adds comment, second byline, NEW YORK dateline) By Marcy Nicholson and Jan Harvey NEW YORK/LONDON, May 27 Gold slid 1 percent to a three-month low on Friday, extending losses after Federal Reserve Chair Janet Yellen indic

PRECIOUS-Gold slips to lowest in 8 weeks, hit by U.S. rate hike outlook

* Gold on track for biggest weekly decline in nine * Market monitoring Fed Chair comments due later in the day * Platinum touches lowest in over a month (Updates prices) By Koustav Samanta BENGALURU, May 27 Gold slipped to its lowest in eight weeks on Friday, and was on track for its biggest weekly decline in nine, as expectations of a U.S. interest rate hike in two months on positive economic data hurt investor appetite. The safe-haven asset was also weighe

PRECIOUS-Gold on track for biggest decline in 9 weeks

BENGALURU, May 27 Gold crawled higher early on Friday but stayed near seven-week lows and remained on track for its biggest weekly decline in nine, with positive economic data boosting expectations U.S. interest rates will rise in the next two months. FUNDAMENTALS * Spot gold had climbed 0.2 percent to $1,222.46 per ounce by 0046 GMT. The metal has fallen about 2.4 percent so far this week, heading towards its biggest weekly decline since March 25. * U.S. gold was up

PRECIOUS-Gold turns lower as dollar pares losses, Fed's Powell talks

* U.S. dollar pares earlier losses * Gold on track to fall for 7th straight session * Fed's Powell says U.S. rate hike may come "fairly soon" (Recasts; updates prices; adds comment, byline, NEW YORK dateline) By Marcy Nicholson and Clara Denina NEW YORK/LONDON, May 26 Gold lost its early gains on Thursday, hovering just above the prior session's seven-week low as the U.S. was bolstered by hawkish comments from a Federal Reserve president. A U.S. rate hike may c

PRECIOUS-Gold gains as traders cover short positions

* Gold up after falling for six sessions since May 17 * Silver, platinum, palladium also rise * Dollar drifts away from two-month peaks (Updates prices) By Vijaykumar Vedala BENGALURU, May 26 Gold logged its biggest intraday percentage gain in more than a week as traders covered short positions, a day after the yellow metal slid to a seven-week low on expectations the U.S. Federal Reserve would increase rates as early as June. A rally in oil prices and falling d

PRECIOUS-Gold edges up, but stays near 7-wk low on Fed rate hike outlook

May 26 Gold inched higher early on Thursday, but continued to linger near a seven-week low touched in the previous session as positive U.S. economic data boosted expectations the Federal Reserve would raise interest rates sooner rather than later. FUNDAMENTALS * Spot gold had risen 0.2 percent to $1,225.66 per ounce by 0043 GMT. The metal fell to $1,217.25 on Wednesday, the lowest since April 6. * U.S. gold was up 0.2 percent at $1,225.9. * The prospect of an ear

CORRECTED-PRECIOUS-Gold drops to 7-week low on Fed rate hike prospects

(Corrects to show the dollar extended losses, not gains, in 2nd paragraph) * Robust U.S. data supports case for near-term rate hike * Palladium, silver, platinum edge off multi-week lows * GRAPHIC-2016 asset returns: http://reut.rs/1WAiOSC By Marcy Nicholson and Jan Harvey NEW YORK/LONDON, May 25 Gold fell to a seven-week low on Wednesday after upbeat U.S. home sales data in the previous session boosted expectations that the Federal Reserve will press ahead wi

PRECIOUS-Gold drops to seven-week low on Fed rate hike prospects

* Dollar holding near two-month peak * Robust U.S. housing data supports case for near-term Fed rate hike * Palladium, silver, platinum hit multi-week lows (Updates prices) By Koustav Samanta BENGALURU, May 25 Gold dropped to a seven-week low on Wednesday, driven by expectations of an early interest rate hike by the U.S. Federal Reserve. Bullion has taken a beating from the prospect of an imminent rate increase, as indicated by Fed meeting minutes released last

PRECIOUS-Gold hits 7-week low as Fed rate hike prospects boost dollar

BENGALURU, May 25 Gold slipped to a seven-week low on Wednesday as expectations of an early interest rate hike by the U.S. Federal Reserve pushed the dollar to a near two-month high. FUNDAMENTALS * Spot gold was little changed at $1,226.41 per ounce by 0033 GMT. The metal fell to $1,223 earlier in the session, the lowest since April 7. * U.S. gold futures dipped 0.2 percent to $1,226.80. * The dollar stood near a two-month peak against a basket of currencies on We

PRECIOUS-Gold hits 4-week low as U.S. rate hike outlook weighs

* Hawkish comments from Fed fuel talk of near-term rate hike * Dollar rises to two-month high vs currency basket * Silver, platinum, palladium at multi-week lows * GRAPHIC-2016 asset returns: http://reut.rs/1WAiOSC (Updates prices; adds comment, byline, NEW YORK dateline) By Marcy Nicholson and Jan Harvey NEW YORK/LONDON, May 24 Gold fell to the lowest in more than four weeks on Tuesday as hawkish comments from Federal Reserve officials in the previous session s

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