You are here

COMMODITIES

Gold pares gains as Fed stirs doubt over rate hike timing

Monday, August 29, 2016 - 05:50

BT_20160829_COMMO29_2463188.jpg
A trader said gold will likely remain "unsettled through the September employment report".

New York

GOLD trimmed gains last Friday, while the dollar turned up and US stocks fell, as investors struggled to decipher the timing of a US interest rate increase following comments by Federal Reserve chair Janet Yellen and other officials.

In her much-awaited speech, Ms Yellen

Powered by GET.comGetCom