Gold Sees Lax Moves After Slipping Under $1900 Per Ounce

Published on May 28, 2021 16:03

COMEX Gold futures stayed locked in a choppy trend, consolidating just under $1900 per ounce mark as limited buying capped gains. The US Treasury Secretary Janet Yellen called on congressional leaders to get more aggressive in spending. She noted that inflation will stay elevated through 2021 but fade to healthier levels after. Yellen said that the surge in prices is temporary. The comments by Yellen kept Gold mostly sedated amid a positive session for the US equities. COMEX Gold currently trades down 0.10% at $1893 per ounce.