| Gold slipped below $1,140 early on Monday while the market continues to digest comments from Federal Reserve chair Janet Yellen last week that the central bank is still on track to raise interest rates by the end of the year. The spot gold price was last at $1,137.50/1.137.90 per ounce, down $8.50 on Friday’s close and back from last week’s one-month high of $1,156.70.
Yellen’s remarks, which lifted the dollar, came a week after the Fed delayed a long-anticipated rate rise due to worries about slowing global economic activity and excessively low inflation. Its decision had raised concerns about the economic stability of the US, China and rest of the world...............................................Full Article: Source
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