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Another rough session for gold

May 27, 2016 2:41 PM ETGLD, IAU, GTU, DGL, DGP, DZZ, DGZ, UBG, UGL, GLL, SGOL, PHYS, UGLDF, DGLDF, OUNZ, GYEN, GEUR, GLDI, QGLDXBy: Stephen Alpher, SA News Editor23 Comments
  • Speaking earlier, Janet Yellen gave no fuel to the idea of a rate hike in June, but more or less promised one in the coming months. Short-term rate futures have nearly fully priced in a July move.
  • Gold has added to session losses in thin action in the past few minutes, now down 1% to $1,211 per ounce - completing the metal's worst week since November and hitting its lowest price since February.
  • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX

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