(Kitco News) – Gold prices are trading modestly up but down from session highs after a brief pop immediately following remarks from Fed Chairman Jerome Powell, who said at a conference that the current disputes between the U.S. and its major trading partners have the attention of the Fed. Powell also said inflation remains non-problematic and that the Fed will act appropriately to continue the U.S. economic expansion. Gold prices earlier today hit a nine-week high. August gold was last up $2.00 at $1,330.00.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
