Global Markets Quieter Ahead Of Yellen Testimony Before U.S. Congress

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(Kitco News) – World stock markets were mixed overnight. U. S. stock indexes are pointed toward firmer openings when the New York day session begins. Gold prices are firmer in pre-U. S.-session trading. Bulls are trying to keep prices from falling below the technically important $1,200.00 level.
Focus of the marketplace today is on Fed Chair Janet Yellen’s testimony on U. S. monetary policy before a U. S. House of Representatives committee. As usual, markets and Fed watchers will try to glean from her remarks clues on the timing and nature of the next monetary policy action from the U. S. central bank. Many believe the Fed will continue on a path of gradually tightening monetary policy.

This post was published at Wall Street Examiner by Jim Wyckoff ‘ July 12, 2017.