Gold Climbs After Yellen Testimony Hints At Limited Further Rate Hikes

Gold futures climbed after Federal Reserve Chair Janet Yellen suggested early Wednesday the U.S. economy remains strong enough for more rate hikes but also said they may not have to rise much more, traders said.

Gold Rallies As Yellen Prepared Remarks Deemed Dovish

Gold prices have rallied moderately in the immediate aftermath of the release of prepared remarks from Fed Chair Janet Yellen, for her testimony to the U.S. House of Representatives later this morning.

First Majestic: 3Q Output To Be ‘Back On Track’ After Decline In 2Q

First Majestic Silver Corp.’s (NYSE: AG; TSX: FR) second-quarter production declined, but the company looks for output to be “back on track” in the third quarter since a number of work stoppages appear to have been resolved.

Gold Stabilizes Ahead Of Yellen Testimony

Gold prices are modestly higher in early U.S. trading Wednesday, on some position-squaring ahead of the marketplace highlight of the week: remarks from Fed Chair Janet Yellen before the U.S. Congress.

Gold Rally Was Inevitable – RBC’s Gero

Prepared remarks from Federal Reserve chair Janet Yellen released Wednesday morning saw gold prices move higher as the market deemed the text as favoring the monetary policy doves.

Jim Cramer Calls Amazon Prime A “Makeshift Holiday,” Not Helping Stock Price

Despite all the fanfare behind Amazon’s annual sales event, its stock price is not moving higher, a trend seen since 2015 when the event was first launched.

Without Regulation Bitcoin Will ‘Run Amok’ — CEO Of Chinese Bitcoin Exchange BTCC

As cryptocurrencies are continuing to see a surge in popularity, they will need to face regulations or their massive price swings will cause havoc, this according to a CEO of a major Chinese bitcoin exchange.

Trump Emails, Washington Political Turmoil Sending Gold Higher

(Kitco News) – Ongoing political turmoil in Washington D.C. highlights gold’s safe-haven demand with prices spiking after the release of emails from Donald Trump Jr. that Russia wanted to support Trump’s presidential campaign.

Gold Push Off Lows; The Calm Before The Storm?

(Kitco News) – Gold and silver prices were ending the U.S. day session slightly higher Tuesday. There were no major markets news events occurring today to move the precious metals markets. August Comex gold was last up $1.50 an ounce at $1,214.80. Sep…

ABN AMRO Reverses Bullish Gold Outlook, Slashes Year-End Level To $1,210

The bears are back as a hawkish Federal Reserve is putting significant pressure on gold prices, with one international bank lowering its year-end gold forecast from $1,300 to $1,210, citing higher U.S. real yields.

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