GOLD MARKET NEWS BY RIPPLES

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Gold fell to its lowest in over three months early on Monday as the dollar hit a one-month high against the yen after U.S. Federal Reserve chief Janet Yellen said the central bank could raise interest rates in the coming months.


Spot gold had dropped 0.5 % to $1,205.70 per ounce by 0044 GMT. Bullion touched a low of $1205.50 earlier in the session, its lowest since Feb. 22.

U.S. gold was down 0.7 % at $1,205.50. U.S. gold futures and options to their lowest in almost two months after the Fed indicated it could raise interest raise rates as early as June, data showed on Friday.

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