Gold Prices Dropped On Speculation That The Eventual Successor - Dollar Advisory | Best Commodity Tips Provider

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Wednesday 18 October 2017

Gold Prices Dropped On Speculation That The Eventual Successor

Gold trading range for the day is 29419-29899.

Gold prices dropped on speculation that the eventual successor to U.S. Federal Reserve Chair Janet Yellen will favour higher interest rates, denting bullion's appeal.

the U.S. Labor Department said import prices jumped 0.7 percent last month, the biggest gain since June 2016, pushing inflation expectations higher.

Trump will meet with Fed Chair Janet Yellen as part of his search for a new candidate for her position, a source familiar with the planned meeting said.

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