| The gold price pared back from its earlier highs, but remained trading firmly in positive territory following a cautionary statement on Tuesday by the US Fed Chair Janet Yellen. Yesterday, Yellen’s tone contrasted with the hawkish views of various Fed members, who offered their support for a rate hike as soon as April, but is more in-line with the March Fed statement, which warned on global risks and resulting instability.
“Yellen’s comments clearly indicate that the risk of another delay is significant, particularly if economic data were to unexpectedly weaken and/or financial market volatility to increase again,” Credit Suisse noted...............................................Full Article: Source
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