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Gold is steady ahead of Janet Yellen's speech
Gold is currently at $1,154.00 (+0.04%) an ounce. The metal is generally flat today as investors await Janet Yellen's testimony, which may help clarify the timing of an interest rate increase. Greece's deal reduced demand for safe-haven assets, such as bullion. "Gold was also burdened by the apparent lack of physical buyers and investors stepping forward. So while the selling pressure was not heavy, given the lack of buyers, it was sufficient to undermine prices," - HSBC said.
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