- After a meek attempt at a bounce, gold adds to Monday's major slide as Fed chief Janet Yellen testifies before the Senate and suggests rate hikes could come sooner than expected should the current trajectory of employment improvement continue.
- Opining on Monday's 2.4% decline, Commerzbank notes a general decline in risk-aversion as evidenced by rising equity markets. Also noted is profit-taking after a big run higher for the metal and a buildup in long net long positions reported by the CFTC to their highest level in eighteen months.
- GLD -0.8%
- ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, DGL, DGZ, AGOL, DGLD, OUNZ, TBAR, UBG, GLDE, GYEN, GLDL, GLDS, GEUR, GGBP
at CNBC.com (Jan 16, 2015)