You are here

Gold rebounds from 7-week low on Yellen's dovish tone on rates

Singapore

GOLD climbed back above US$1,200 an ounce on Wednesday after dropping to a seven-week low the session before, with Federal Reserve Chair Janet Yellen indicating flexibility in raising US interest rates.

The US dollar weakened after Ms Yellen held back from giving a clear...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes