Gold traded near a two-month low on speculation that U.S. interest rates are set to increase as investors awaited remarks from Federal Reserve Chair Janet Yellen at a meeting of central bankers. Silver headed for a sixth week of losses in the longest slump in more than a year. Gold for immediate delivery traded at $1,277.45 an ounce at 9:29 a.m. in Singapore from $1,276.78 yesterday, when prices reached $1,273.14, the lowest level since June 18, according to Bloomberg generic pricing. The metal declined 2.1 percent this week as minutes of the Fed’s last meeting signaled that policy makers may hike interest rates ... (full story)