Bengaluru: Gold prices on Wednesday held near eight-week highs hit in the previous session on uncertainty over US president-elect Donald Trump’s economic plans, after the dollar slid on his comments that the strong greenback was “killing us”. Bullion hit an eight-week high of $1,218.64 in the previous session. In an article in the Wall Street Journal, Trump said the strength of the US dollar against China’s yuan “is killing us”. San Francisco Federal Reserve Bank president John Williams on Tuesday called for gradual US interest-rate hikes over the next few years to keep the economy from overheating and ultimately falling into recession. US Federal Reserve chairwoman Janet Yellen will have an opportunity to lay out her thinking with speeches on monetary policy on both Wednesday and Thursday this week.

Source: Mint January 18, 2017 04:26 UTC