Gold Prices Halve Weekly Loss Even as Case for Fed Rate Hikes 'Strengthens'
UPDATE 4pm: Gold in Dollars whipped and rose to $1342 per ounce, a slightly higher level than last week's close, before retreating to $1333 but still more than halving this week's loss.
Futures gains extended as Yellen declared "the case for an increase in the federal funds rate has strengthened in recent months" in Jackson Hole this afternoon. Gold for UK and Eurozone investors also rebounded on Friday afternoon.