Gold down on Powell testimony

Contributed by NAMPA / Xinhua.

CHICAGO, Feb. 23 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday as investors monitored the Federal Reserve chairman's statement.
The most active gold contract for April delivery fell 2.5 U.S. dollars, or 0.14 percent, to close at 1,805.9 dollars per ounce.
U.S. Federal Reserve Chairman Jerome Powell testified before the U.S. Congress on Tuesday, saying there are signs that the U.S. economy is improving but still long way from full health, and h ...