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Alliance News


Gold Lower Ahead Of Yellen Remarks

Tue, 14th Nov 2017 13:17


WASHINGTON (Alliance News) - Gold futures were lower Tuesday morning despite a weak US dollar and lingering concerns about tax reform delays.

Remarks on monetary policy and interest rates will be in focus today at the European Central Bank's conference in Frankfurt.

European Central Bank chief Mario Draghi, Federal Reserve Chair Janet Yellen, Bank of Japan Governor Haruhiko Kuroda and Bank of England Governor Mark Carney will participate in a panel discussion titled "At the heart of policy: challenges and opportunities of central bank communication."

These may be among the final public comments from Yellen, who was passed over for re-appointment by President Trump.

Gold was down USD4 at USD1274 an ounce.

Copyright RTT News/dpa-AFX

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