gold, page-25298

Martis,
I've been wrong about Yellen before but surely she's not going to come out and suggest to the market that we're going to need more than the 3 planned increases this yr.

GDP growth still below average;
Some inflation coming through but not out of control;
Plenty of uncertainty for remainder of yr.

I think she'll be reiterating the old lines of economy is on track and we'll adjust policy depending on the data.

I suppose there's nothing there that will be positive for gold but I don't see a sell-off either.

Gold has still held up better than expected IMO. Hopefully we will get a boost from various geo/political events coming up.