Gold rises on growth fears, focus on Fed’s Yellen testimony

Posted by Reuters

Share on Facebook

Tweet on Twitter

* Weak U.S. jobs data give boost to gold for second day

* Busy week ahead with Fed’s Yellen, economic data

* China 2013 demand tops 1,000 tonnes for the first time (Updates prices, adds comment)

By Clara Denina

LONDON, Feb 10 (Reuters) – Gold rose on Monday after a weak U.S. jobs report last week raised questions over economic recovery, which could potentially slow the pace of the Federal Reserve’s stimulus tapering.

Attention this week will switch to the first testimony from the new head of the Federal Reserve, Janet Yellen, to U.S. lawmakers hoping for reassurance that policy will stay loose for a long time to come.

Yellen will address the House Financial Services Committee on Tuesday and the Senate Banking Committee on Thursday.

…read more HERE

I know Mike is a very solid investor and respect his opinions very much. So if he says pay attention to this or that - I will.

~ Dale G.
I've started managing my own investments so view Michael's site as a one-stop shop from which to get information and perspectives.

~ Dave E.
Michael offers easy reading, honest, common sense information that anyone can use in a practical manner.

~ der_al.
A sane voice in a scrambled investment world.

~ Ed R.