Dollar Held Losses on Stimulus Bets Before Yellen Speaks Today

The dollar held losses against most of its 16 major peers from yesterday on prospects Federal Reserve Chair Janet Yellen will underscore expectations that the central bank will maintain stimulatory policies. The greenback touched the lowest in almost a week versus the yen, after 10-year Treasury yields fell to the least in six months yesterday, dimming the allure of U.S. assets. Yellen told Congress last week the economy needs support....

Golds Below One Week High as U.S. Outlook Weighed Against Ukraine

Gold traded below a one-week high in New York as investors weighed tension in Ukraine against the outlook for a strengthening U.S. economy. Palladium was near the highest price since August 2011. The dollar reached the highest level since February versus the euro before Federal Reserve Chair Janet Yellen addresses the U.S. Chamber of Commerce today. The New York Fed may say today its gauge of manufacturing in the state rose to 6 this...

Gold Held Above One-Week High as Ukraine Supports Haven Buying

Gold held above a one-week high as investors weighed the conflict in Ukraine against the outlook for the U.S. economy and further reductions in stimulus. Palladium dropped from the highest level since August 2011.Bullion for immediate delivery traded at $1,303.66 an ounce at 1:55 p.m. in Singapore from $1,305.97 yesterday, when prices climbed to $1,309.09, the highest since May 7, according to Bloomberg generic pricing. Palladium lost...

Gold Below One-Week High as U.S. Outlook Weighed Against Ukraine

Gold traded below a one-week high in London as investors weighed the outlook for a strengthening U.S. economy against tension in Ukraine. Palladium was near the highest price since August 2011.The dollar reached the highest level since February versus the euro before Federal Reserve Chair Janet Yellen addresses the U.S. Chamber of Commerce today. The New York Fed may say today its gauge of manufacturing in the state rose to 6 this month...