Gold futures close at 2-week high as Yellen ‘plays charades’

Gold futures posted their highest close in two weeks on Monday, buoyed by expectations that weak jobs data lessen the likelihood of a June U.S. interest-rate increase.

But futures prices pulled back from the session’s best levels ahead of the close as Federal Reserve Chairwoman Janet Yellen, didn’t explicitly rule out the possibility of a rate increase at the central bank’s meeting later this month.

August gold GCQ6, -0.34%  climbed by $4.50, or 0.4%, to settle at $1,247.40 an ounce after trading as high as $1,251.30. The settlement was the highest since May 23.

For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my