TeleTrade - Analytics

    TeleTrade

    729.00 6.50/10
    57% of positive reviews
    Real

    10.02.2016 06:35 Gold near a 7-1/2-month high

    Gold is currently at $1,191.10 (-0.63%) staying near a 7-1/2-month high on strong safe-haven demand. Falling stocks and concerns about health of the global economy support the precious metal.

    Federal Reserve Chairwoman Janet Yellen will speak to the U.S. Congress later today. Her comments are likely to support bullion as she is expected to defend December rate hike and say that further rate hikes are coming, although at a slower pace. The non-interest-paying metal would benefit from prospects of slower rate increases.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree