Gold review

Western Union notes: 

Gold prices got a boost after dovish comments from FOMC Chair Janet Yellen at the press conference after the two day FOMC meeting where the FOMC statement was largely left unchanged. The lower trend in the FOMC members "dot plots" was also supportive of higher precious metal prices. 

Gold which has lost its luster with expectations of higher interest rates in the US Dollar could make a comeback if US economic data is weaker than expected which would push back the timing for a Fed rate hike.