The only thing that glitters right now is gold prices. U.S. stocks are getting hammered. Federal Reserve Chair Janet Yellen is not exactly cheery about the outlook of the U.S economy. This is in spite of the Fed raising its key lending rate in December for the first time in nearly a decade. Tanking stocks and a dovish Janet Yellen have provided a serious boost for precious metals like gold and silver, as well as gold and silver mining companies.
Yellen’s Dovish Tone Helps Gold Prices
In her most recent sermon from Capitol Hill, Fed Chair Janet Yellen hinted that future interest.
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