World Stock Markets Mostly Weaker Ahead Of Yellen Speech

(Kitco News) - Global stock markets were mostly weaker Friday, on profit taking and downside corrections following recent good gains. U.S. stock indexes are pointed toward mixed to slightly lower openings when the New York day session begins, after scoring record highs on Wednesday.

Gold prices are lower again today and hit a two-week low. The bulls have faded late this week and need to show fresh power soon to keep the near-term uptrend in place.

The marketplace this week has come to the conclusion that it's now very likely the U.S. Federal Reserve will raise interest rates at this month's Federal Open Market Committee

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