Gold, Oil Futures Waver On Hawkish Yellen Remarks

By Myra P. SaefongMarketsMarketWatch Pulse

Gold and oil futures seesawed between minor losses and gains Friday after the U.S. Federal Reserve Chairwoman Janet Yellen said in a speech at the Jackson Hole, Wyo. economic symposium that the case for another interest-rate increase has strengthened. Gold for December delivery traded at $1,326.50 an ounce, up $1.90, or 0.1%, from Thursday's settlement. It was trading around $1,333.20 before Yellen spoke. October oil added 11 cents, or 0.2%, to $47.46 on Nymex. It was trading at $47.39 before the speech.

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