Gold News: Positive US Data Causes Commodities To Falter
Commodity prices declined after Federal Reserve Chair Janet Yellen indicated that the central bank was ready to raise interest rates for the first time in six years in 2015.
Commodity prices declined after Federal Reserve Chair Janet Yellen indicated that the central bank was ready to raise interest rates for the first time in six years in 2015.
Gold prices reached a new three-month high last week after more underwhelming US economic data.
Disappointing economic data over the last couple of weeks mean the US economic recovery might have hit a snag, and the Fed now might wait to raise interest rates until later this year, if in 2015 at all.