from Gold Core:
The dovish take from Yellen’s testimony yesterday should support gold prices. Continuing QE makes gold attractive from a diversification perspective.
Market focus shifts from the U.S. to the UK today and the Bank of England’s quarterly inflation report.
The U.K. has already almost breached the unemployment level that was a target for considering tightening policy, and Governor Mark Carney is widely expected to update the market on interest rate guidance.
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