The WTI Crude Oil market had a very volatile session during Wednesday, as currency markets were moved drastically by Janet Yellen’s comments for the Congressional members.
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Gold prices ended Wednesday’s session up $3.80 an ounce, extending their gains to a third-straight session, after Federal Reserve Chair Janet Yellen signaled a cautious approach to further monetary tightening.
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The EUR/USD pair rallied on Tuesday, breaking towards the 1.15 level. The British pound initially tried to rally, but turned around after Broadbent failed to mention anything about monetary policy.
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