Gold trading range for the day is 28359-28731. Gold dropped after Federal Reserve Chair Janet Yellen said the U.S. economy is strong enough to warrant higher interest rates. Better than expected jobs and housing data reinforced the view that the U.S. economy is sufficiently robust to warrant rate rises. Fed chief said that she and other Fed policymakers expected the central bank to lift its key benchmark short-term rate "a few times a year" through 2019.
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