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Gold Resumes Rally After Brief Lull

Gold prices rallied Wednesday morning, extending recent gains after a two-day lull.

Gold jumped to a 4-month peak last week, but failed to rise in either of the past two sessions. Now, its rising sharply as stocks were set for a lousy day.

Gold is up $9.30 at $1323 an ounce, the highest since September.

Chicago Federal Reserve Bank President Charles Evans will discuss current economic conditions or monetary policy at the Lake Forest-Lake Bluff Rotary Club 2018 Economic Breakfast in Lake Forest, IL, with audience and media Q&A at 9.00 am ET.

Dallas Federal Reserve Bank President Robert Kaplan will participate in a moderated Q&A at the Weitzman Group Annual Retail Forecast in Dallas, with audience Q&A at 9.10 am ET. He will also participate in a moderated Q&A at the "Urban Land Institute North Texas Emerging Trends 2018" in Dallas, with audience and media Q&A at 10.15 am.

St. Louis Federal Reserve Bank President James Bullard will speak on the "U.S. Economy and Monetary Policy" at the 2018 Economic Outlook event in St. Louis, with audience Q&A at 1.30 pm ET.

The Atlanta Fed's Business Inflation Expectations survey report will be released at 10.00 am ET. The prior business inflation expectations were 2.1.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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