Gold Rises On Fed Lockhart Comments

Precious-Gold traded slightly higher on Tuesday after Atlanta Federal Reserve President Dennis Lockhart said on Monday the risks of not raising interest rates were not significant. The yellow metal hit a high of $1136.24 an ounce, while it currently trading at $1135.27, after opening at $1133.07. Lockhart mentioned it was the right decision by the Fed to delay its interest rate hike until making sure that global economic uncertainty would not hurt the U.S. economy.

from Energy and Metal Commentaries http://ift.tt/1KsgdVt