Fed Chair Janet Yellen leaves median projection for 2017 unchanged

Gold prices made a smart recovery, gaining about 2 per cent in the past week. All thanks to the US Fed Chair Janet Yellen for sticking to her earlier projection of three rate hikes for 2017.The global spot gold price touched a low of $1,197 per ounce on Tuesday and reversed sharply thereafter to close the week at $1,228 per ounce. Spot silver prices were also up 2 per cent last week, closing a...