Gold Dropped Pressured By Comments From Federal Reserve Chair Janet Yellen

Gold trading range for the day is 28753-29285. Gold dropped pressured by comments from Federal Reserve Chair Janet Yellen that reinforced expectations of an increase to U.S. interest rates this month. 

Market participants kept a wary eye on developments in North Korea, which fired four ballistic missiles, three of which landed in Japan's exclusive economic zone. 

Holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.45 percent to 836.77 tonnes on Monday.

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