15 Nov 2013
Slightly better on corrective move
FXstreet.com (Chicago) – Gold extends steady climb making tiny advancements for a 0.09% daily gains.
Earlier this week, both Yellen and Bernanke talked about the US economy providing dovish stances about any job market improvements. Yellen stated “we have made good progress, but we have farther to go to regain the ground lost in the crisis and the recession. Unemployment is down from a peak of 10 percent, but at 7.3 percent in October, it is still too high, reflecting a labor market and economy performing far short of their potential. At the same time, inflation has been running below the Federal Reserve's goal of 2 percent and is expected to continue to do so for some time.”
Gold is offered at $1,287.50 printing lows at $1,285.30 and highs at $1,288.10.
Earlier this week, both Yellen and Bernanke talked about the US economy providing dovish stances about any job market improvements. Yellen stated “we have made good progress, but we have farther to go to regain the ground lost in the crisis and the recession. Unemployment is down from a peak of 10 percent, but at 7.3 percent in October, it is still too high, reflecting a labor market and economy performing far short of their potential. At the same time, inflation has been running below the Federal Reserve's goal of 2 percent and is expected to continue to do so for some time.”
Gold is offered at $1,287.50 printing lows at $1,285.30 and highs at $1,288.10.