Gold heads for weekly drop on talk of March rate rise | Reuters
By Marcy Nicholson and Jan Harvey | NEW YORK/LONDON NEW YORK/LONDON Gold fell 1 percent on Friday and was on track for its biggest weekly loss in 2017 as speculation grew that the U.S. Federal Reserve would press ahead with a rate increase this month.Fed Chair Janet Yellen said on Friday that the central bank is set to raise its benchmark interest rate later this month as long as economic data on jobs and inflation holds up.Prior to Yellen's comments, the probability of a Fed move in March had already risen to nearly 80 percent... Читать дальше...