(Bloomberg) — Gold pushed higher as investors counted down to testimony from Federal Reserve Chairman Jerome Powell on the central bank’s next steps to combat the hit from the coronavirus pandemic.Powell, who delivers his semi-annual policy report on Tuesday and Wednesday, is expected to echo the downbeat view he gave June 10 after policy makers signaled rates would probably stay near zero through 2022. Bullion also got a lift from concerns over new outbreaks in the U.S. and a weaker dollar.Bullion has rallied this year as the pandemic triggered an unprecedented wave of stimulus, bolstering the haven’s appeal. On Monday, …read more
Source:: Yahoo Finance
