As of 4:30 PM, EST gold futures are trading down, with the most active August 2021 contract currently fixed at $1775.20, after factoring in today’s decline of $8.20 .
The NASDAQ gained .69%, a total of 97.98 points, and closed at 14,369.78.
Yellen’s remarks occurred during her testimony before a Senate subcommittee about the Biden administration’s proposed 2022 fiscal year budget.
I believe at some point, market participants and economists will have to take notice of the swelling national debt, and that would be a bullish undertone for gold which has been trading under so much pressure recently.