August 28, 2017

Gold prices are trading $1,298.00 this morning, up $7.00 following a volatile Friday. About 20 minutes before Fed Chair Yellen spoke on Friday, over 20K Comex Gold futures contracts were sold in a minute. Prices traded as low as $1,276.50 on Friday but recovered after her speech, which many perceived as dovish. After ECB head Draghi’s speech, the euro moved higher.