Global Stock Markets Lifted By Upbeat Yellen Speech

Jon Economy, Fiscal Policies, Gold, Market Commentary, Precious Metals

(Kitco News) – World stock markets were mostly firmer overnight. U. S. stock indexes are also pointed toward modestly higher openings when the New York day session begins. Federal Reserve Chair Janet Yellen delivered a speech Tuesday that sounded an arguably hawkish tone on U. S. monetary policy, and an upbeat tone on the U. S. economy. The world equity markets took this as a positive sign that a strengthening U. S. economy and rising inflation will help the other major industrialized countries’ economic growth prospects, as well as reignite some wanted inflation.
Gold prices are lower in pre-U. S.-day-session trading Wednesday. The surging U. S. dollar this week is a bearish element for the precious metals markets, as well as other raw commodity markets.

This post was published at Wall Street Examiner on September 27, 2017.