empty
 
 

2017.03.2308:07:00UTC+00Gold In Holding Patter Ahead Of Yellen

Gold futures were little changed Thursday morning ahead of speeches from a litany of Federal Reserve officials, including Chair Janet Yellen.

Traders will be looking for clues about how many times the Fed will raise interest rates this year.

Their so-called dot plot still sees two more rate hikes, but some policymakers have hinted that three may be appropriate if inflation continues to pick up.

Yellen is scheduled to give opening remarks at a conference in Washington, D.C. at 8:45 a.m. Eastern.

Minneapolis Fed President Neel Kashkari will speak in D.C. at 12:30 p.m. Eastern.

At 7 p.m., Dallas Fed President Rob Kaplan will speak on the economy and monetary policy in Chicago.

U.S. new-home sales figures are due at 10 a.m. Eastern.

In the meantime, gold was down 2 dollars at $1251 an ounce, having risen sharply since the Fed's rate call last Wednesday.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback