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Gold edges up ahead of Yellen testimony; Fed officials cautious on rate hike

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold prices edged further away from a 4-month low on Wednesday, as investors awaited testimony from U.S. Federal Reserve Chair Janet Yellen and central bank officials expressed caution about further interest rate hikes.FUNDAMENTALS * Spot gold rose 0.1 percent to $1,218.60 per ounce at 0046 GMT, adding to a 0.3 percent gain in the previous session, its biggest rise since June 23.* U.S. gold futures for August delivery rose 0.3 percent to $1,218.30 per ounce.* Ahead of Federal Reserve Chair Janet Yellen's testimony to Congress on the state of the U.S. economy, two of ...

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First Published: Wed, July 12 2017. 06:45 IST