Gold Remains Below $1145 on Fed Plans

Gold fell to an eight-month low on Thursday after the U.S. Federal Reserve’s reiteration that interest rates were likely to rise this year pushed the dollar index to a seven-week high.

Stocks worldwide rose on strong corporate earnings reports and relief over Greece’s debt issues. The Greek parliament passed the austerity measures demanded by lenders to open talks on a multi-billion-euro bailout, diverting some attention from gold.

Platinum hit its lowest since February 2009 at $1,000.25 an ounce, hurt by perceptions of plentiful supply. Top producer Anglo American Platinum said its output rose 60 percent in the second quarter.

CNBC

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