Gold Futures Jump After Yellen’s Remarks

Gold Silver Reports — The gold market rendered a quick dovish read on Federal Reserve Chair Janet Yellen’s prepared testimony to Congress. Yellen said Wednesday that “considerable uncertainty always attends the economic outlook,” citing “uncertainty about when — and how much — inflation will respond to tightening resource utilization.”

Gold futures for August delivery rebounded from a loss, heading for the biggest gain in five weeks on the Comex in New York. — Neal Bhai Reports

Gold Futures Jump After Yellen’s Remarks | Neal Bhai Reports | Gold Silver Reports

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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