How Will Gold React to Janet Yellen's Congressional Testimony?
Some say they wouldn't be concerned if gold were to fall below $1,200.
Speaking ahead of Janet Yellen's testimony before Congress Wednesday and Thursday, Frank Holmes, chief executive officer for U.S. Global Investors, said he wouldn't be concerned if gold were to fall below $1,200.
Holmes said he will be closely watching two key measures of inflation that are due out this week. The consumer price index (CPI) and producer price index (PPI), are big numbers to watch after last week's meager wage growth, Holmes said.
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This article was written by a staff member of TheStreet.
