29.08.2016 - Gold May Have 'Rally Legs' - RBC's Gero
“As more things change the more they stay the same,” summed up George Gero of RBC Wealth Management, post Fed Chair Janet Yellen’s anticipated talk. Federal Reserve chair Janet Yellen said Friday that there is a stronger case for a rate hike with the U.S. economy nearing goals of maximum employment and price stability. Yellen’s Jackson Hole speech was slightly hawkish, said Gero but seems to be helping the metals as ten-year treasuries and the dollar index are back to where they were. Gold dipped on the news but is now 1.5% higher post-remarks. December Comex gold futures last traded at $1,343.40 an ounce while September silver last traded at $18.950, 2.49% on the day...............................................Full Article: Source
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