Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold crossed the $1,200 per troy ounce mark, having touched a nine month peak of $1,229. The price surge has been supported by renewed ETF inflows in the first eight trading days in February, showcasing a similar inflow witnessed in January. Yesterdays' Fed Chair Yellen's testimony before the banking committee of the U.S Senate made it clear that the Fed is unlikely to hike the interest rates amid global financial market turbulence.
The World Gold Council's report showed that the global gold demand grew by 4% year-on-year to 1,117.7 tons in the fourth quarter of 2015, recording its highest level in two years. Growth in investment demand and purchases by central banks drove the global gold demand higher. In 2015 gold demand summed up to 4,212.2 tons as the demand for coins, bars and jewellery grew on low prices in the second half of the year.
