Gold drops from 3-month high on profit taking

Gold fell nearly 1 per cent on Tuesday, retreating from a three-month high on profit-taking after a two-day rally triggered by expectations the Federal Reserve will not hike US interest rates this year. Spot gold fell 0.8 per cent to US$1,154.15 an ounce by 0323 GMT, after earlier dropping as much as 0.9 per cent...Read More