Gold Slips Below Unchanged As Yellen Testifies, U.S. Dollar Rallies
Tuesday February 14, 2017 10:51
(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; email@example.com
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