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Gold Slips Below Unchanged As Yellen Testifies, U.S. Dollar Rallies

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have fallen to modestly lower levels on the day in late-morning trading Tuesday, in response to perceived hawkish U.S. monetary policy comments from Federal Reserve Chair Janet Yellen, and amid a rallying U.S. dollar index. The greenback pushed higher after Yellen implied the Fed wants to raise interest rates sooner rather than later. April gold was last down $2.50 an ounce at $1,223.40

By Jim Wyckoff, contributing to Kitco News;



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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