Former Federal Reserve Chairman Yellen will attend the Treasury Secretary nomination hearing at 23:00 this evening. Market news said that Yellen will make it clear that the United States will not seek a weak dollar and that it is time to take "significant" action for recovery in a low interest rate environment. The market focused on Yellen's language on the dollar exchange rate and economic stimulus, which could trigger a gold turmoil.
Yellen hearing comes to watch out for gold fluctuations
[Yellen hearing to guard against gold fluctuations] former Federal Reserve Chairman Yellen will attend the Treasury Secretary nomination hearing at 23:00 this evening. Market news said that Yellen will make it clear that the United States will not seek a weak dollar. And it is time to take "significant" action for recovery in a low interest rate environment; the market focuses on Yellen's language on the dollar exchange rate and economic stimulus, which may trigger gold volatility.
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