Gold Extends Week-Long Losing Streak on Yellen Interest Rate Comments

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Gold Extends Week-Long Losing Streak on Yellen Interest Rate Comments

Gold Extends Week-Long Losing Streak on Yellen Interest Rate Comments
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Gold Extends Week-Long Losing Streak on Yellen Interest Rate Comments

by TheStreet.com Videos 2:42 mins

Gold prices fall for the fourth straight day after Federal Reserve Chairwoman Janet Yellen's comments the central bank may raise the federal funds rate just six months after it concludes its economic stimulus program. BullionVault vice president Miguel Perez-Santalla tells TheStreet's Joe Deaux that Yellen's comments combined with the end of the Crimea crisis could push prices as low as $1,250 an ounce, but he says for now support may remain above $1,350 an ounce.

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