Gold gains after Yellen's testimony

Source: Bloomberg
Gold advanced after Fed's Chairman nominee Janet Yellen said that monetary stimulus programme will not be scaled back until nation's economy and employment improve, reducing worries that the Fed will start tapering soon. The Yellow metal for immediate delivery added 0.1% to $1.,282.75 an ounce, while gold for December delivery climbed 1.1% to $1,282.20 an ounce as of 7:05 a.m. today.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.