Gold, Oil Futures Waver On Hawkish Yellen Remarks

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.