Metals Stocks: Gold manages slim early gain, looks to snap four-day slide

Gold futures tipped higher Wednesday, trying to snap a string of four straight losses as relatively hawkish comments from Federal Reserve Chairwoman Janet Yellen on the nation’s interest-rate picture sent the dollar higher.

Gold could remain vulnerable near term as the dollar retained its strength and Yellen headed back to Capitol Hill for a second day of testimony.

April gold GCJ7, +0.11% rose $2.60 to $1,227.90 an ounce.

The ICE U.S. Dollar Index DXY, +0.23% which touched a four-week high in the wake of Yellen’s comments, was up 0.2% Wednesday.

Yellen hinted to the Senate Banking Committee on Tuesday that the central bank could gradually raise interest rates sooner rather than later.

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