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Gold up after Yellen hints at only gradual tightening

Reuters  |  LONDON 

By Maytaal AngelLONDON (Reuters) - Gold edged higher on Thursday on a weaker dollar and lower U.S. yields, with investors wagering that policy tightening in the United States would be glacial at best, though gains were capped by surging global stock markets.The dollar was steady against a basket of currencies after falling to its lowest since last October on what was viewed as dovish testimony on Wednesday from U.S. Federal Reserve Chair Janet Yellen. A weaker U.S. currency makes dollar-priced gold cheaper for non-U.S. investors. Capping gains, however, global shares hit a record high for ...

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First Published: Thu, July 13 2017. 16:20 IST
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