(Kitco News) – Gold continues to wallow in a tight range, as traders appear content to await Janet Yellen’s speech on Friday morning. Some profit taking on the recent strength of the euro and the yen’s inability to break up through the 100 yen/dollar figure has taken back yesterday’s modest gains in the metals complex. It remains unlikely that a major move is in store prior to Friday and gold is likely to remain in the $1,335 – $1,345 range today.
What you missed on this week’s For Pete’s Sake show:
By Peter Hug, Kitco Metals Global Trading Director; phug@kitco.com
