Pursuits
Yellen Gives Gold Bulls Biggest Rally on Rates Since January
The Three Most Important Things Janet Yellen Said
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Janet Yellen gave gold bulls a gift when she signaled policy makers aren’t rushing to raise interest rates.
Gold had its biggest weekly gain in two months on the prospect that U.S. rates will stay lower for longer. The value of assets in exchange-traded funds backed by bullion rose by $736 million, also the most since January.