Gold price lifted by Fed’s dovish remarks on tapering

Gold climbed higher on Friday as Federal Reserve chairman Jerome Powell stopped short of signaling when the central bank would dial back its economic support, while reiterating his view that the current price spikes are transitory.

Gold price up just ahead of Fed Chair Powell's speech

Gold and silver prices are modestly higher in early trading Friday, as the market event of the week, if not the month, lies just ahead: Federal Reserve Chairman Jerome Powell’s speech at the annual Kansas City Fed symposium.