Gold fall further below $1,200 mark

Gold traded lower Thursday, adding to the prior day’s drop that left them at their lowest settlement since early February. The metal has been pressured by a stronger dollar, with the buck rising on expectations that the Federal Reserve will raise interest rates next month. Wednesday’s Fed meeting minutes and upbeat U.S. economic data only added to those expectations, as the minutes said a rate hike could come “relatively soon.” “Gold has simply just followed the USD,” said Chris Weston, an analyst at IG, in a note.