Gold edges up after Yellen rate hike view

July 13, 2017

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Gold edged higher on Thursday on a weaker dollar and lower US yields, with investors wagering that policy tightening in the United States would be glacial at best, though gains were capped by surging global stock markets. The dollar was steady against a currency basket, having fallen to its lowest since last October after US Federal Reserve Chair Janet Yellen struck a less hawkish than expected tone in testimony before Congress on Wednesday.

Category: General