Her intervention is likely to result in a sustained fall the gold price, traders have said.
"Yellen's latest comments might just change the course of gold and cause a downward movement in the price from here on," Howie Lee, analyst at Phillip Futures, told the Australian Financial Review.
Read more: http://www.theweek.co.uk/gold-price/61682/gold-price-slips-amid-talk-of-us-rate-rises#ixzz3VxQk7vus
The US Fed still firmly in control.