Gold Pushes Up As U.S. Dollar Sinks Following Dovish Remarks from Fed Chair Powell
(Kitco News) - Gold prices have moved from near steady levels to trade moderately higher and to their daily highs in midday dealings Wednesday. Meantime, the U.S. dollar index has moved to its session low, as remarks from Federal Reserve Chairman Jerome Powell at a speech in New York are being deemed a bit dovish on U.S. monetary policy. February gold was last up $6.40 at $1,226.20.
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