Gold futures settled with a gain on Wednesday as traders assessed a speech from Federal Reserve Chairwoman Janet Yellen. June gold GCM4 -0.12% rose $3.20, or 0.3%, to settle at $1,303.50 an ounce on Comex after falling 2.1% on Tuesday. Yellen's comments were "consistent with her approach in continuing the rate of taper," reducing asset purchases by $10 billion each month, "and the reaction in the gold market is rather muted,"
Wainwright. Copper prices, meanwhile climbed following data showing China’s economy slowed somewhat less than feared in the first quarter.
May copper HGK4 +0.40% closed at nearly $3.03 a pound, up 4 cents, or 1.3%. Click Here To Register For Free Trial Services
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