Gold prices are breaking down, as the trend higher has been dismantled by the Federal Reserve who is poised to raise interest rates. Better than expected economic data including the February U.S. employment report, has provided the backdrop for a Fed rate hike on March 15. Not only are Fed fund futures pricing in a 95% chance that the Fed will increase rates, but 10-year yields have moved out and are currently printing at 2.61% the highest level of 2017.