Gold prices drop on firmer dollar, hawkish Fed talk

​​​Meanwhile, Chicago Fed President Charles Evans said the central bank will need to raise interest rates to a range between 4.50% and 4.75%. * Though gold is seen as a hedge against inflation and economic uncertainties, rate hikes have dented the non-yielding bullion's appeal and pushed the dollar to multi-year highs.

from Commodities-Markets-Economic Times
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