Gold falls to over 10 mnth low as Fed signals more hikes in 2017....!

Spot gold edged 0.4 percent to USD 1,139.54 an ounce by  0108 GMT. The Bullion touched a new low of 1,134.71 an ounce, its lowest since Feb 3. The Yellow metal fell over one percent in the prior session.

Gold prices fell on to a new low in more than 10 moths as the dollars surged after the US central bank raised interest rates for the first time in a year and signalled further rate hikes for 2017...

FUNDAMENTALS........!

Spot gold edged0.4 percent lower to USD1,139.54 an ounce by 0108 GMT. The bullion touched a new low of 1,134.71 on ounce, its lowest since Feb 3. The Yellow Metal fell over one percent in the prior session.

* USD gold future fell nearly 2 percent to USD 1,141.80 per OUNCE.The price fell USD1,136.4 an ounce earlier in the session to lowest since Feb1 and registered their biggest percentage fall in one month.

* The dollar index, which the greenback aganist a basket of currencies was up 0.7 percent at 102.490. The dollar howered near a 14-year peak against a basket of major currencies on Thursday [USD]

*Holdings of the SPDR Gold trust, the World's largest Gold-basket exchange-traded fund, fell 0.80 percent to 849.44 tonnes on Wednesday.[GOL/ETF]

* Human rights group on Wednesday Welcomed a decision by Thailand to close the country's only active gold mine by end of the year as the mine's operator said it had laid off the employees.   

 * The amount of Gold dug up by people working informally in Mali could soon rival official production thanks to demand from domestic refineries, officials in the West African nation say.

* Turquoise Hill Resources Ltd said on Wednesday it had resumed concentrate shipments from its giant Copper-Gold Oyu Tolgoi mine in Mongolia following talks with Chinese and Mongolian authorities.