NEW YORK/LONDON, March 21 Gold fell on Monday for a third day, with demand for bullion hurt as the dollar arrested three weeks of declines after hawkish comments from U.S. Federal Reserve officials renewed expectations of U.S. interest rate hikes.
The dollar rose 0.2 percent against a basket of currencies, as two central bank officials, San Francisco Fed President John Williams and Atlanta Fed President Dennis Lockhart, raised the possibility of a rate hike as soon as April.
(Kitco News) - Gold prices on Monday saw more profit-taking pressure and backing and filling on the daily chart, following recent gains that pushed prices to an 13-month high less than two weeks ago. Improved investor risk appetite in the world marketplace recently is also a negative for safe-haven gold. April Comex gold was last down $9.00 at $1,245.20 an ounce. May Comex silver was last up $0.059 at $15.87 an ounce.
The largest, New York-listed SPDR Gold Shares, reported an 11.9-tonne inflow on Friday, bringing its total inflow for the year to 176.6 tonnes, up from 40.8 tonnes in the same period of last year.
Reference: Reuters, Kitco
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