Gold futures fell below 1,200 an ounce on
Cheap Runescape 2007 Gold Friday InvestingGold futures retreated on Friday afternoon amid a wavering dollar, as traders awaited comments from Federal Reserve chair Janet Yellen later in the session.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell 5.
A troy ounce. The decline came one day after gold reached a threeweek high at 1,205.10, capping a rally precipitated by relatively dovish comments from Ms. Yellen on Mar. 18.Gold prices started trending downward on Mar. 6, after the release of a promising U.S. jobs report fueled speculation that the Fed could raise interest rates sooner than expected.
Prices then dipped to a fourmonth low last week at 1,148.20 ahead of the Fed's decision to remove its stance of remaining patient on the timing of a potential rate hike.Though Ms. Yellen's initial comments appeared hawkish, the Fed's revised forecasts regarding slower longterm increases for inflation, interest rates and GDP signaled that the U.
S. central bank could wait until September before increasing interest rates. Gold struggles to compete with high yield bearing assets in periods of
OSRS Gold rising interest rates.While the timing of an initial rate hike has been widely anticipated, many analysts are paying closer attention to the frequency and duration of the Fed's plan to tighten monetary policy.
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