COMEX-GOLD-SILVER-WEEKLY-ANALYSIS-Gold-Fell
Posted March 28, 2015 by somyagupta
Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies.
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The dollar index, which tracks the greenback versus a basket of six currencies, edged down 0.05 percent to 97.383. The yen was last up 0.01 percent against the dollar at 119.17 yen and the euro was at $1.0899, up 0.15 percent.
Gold fell, ending a seven-day rally on investor caution ahead of Yellen’s comments. Spot gold eased 0.5 percent to $1,198.30 an ounce.
U.S. crude closed off 5 percent at $48.87 a barrel while Brent ended down 4.7 percent at $56.41.
But oil prices still notched their second straight weekly gain, boosted by the dollar’s recent weakness after a year-long rally.
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| Last Updated | March 28, 2015 |