Gold had a respectable gain today, however compared to the other metals in the precious metals group had the smallest percentage gain on the day.

Although gold’s weekly range was absolutely dwarfed by the highs and lows achieved during trading last week, the end result was very solid and respectable gains.

In a two-day testimony to Congress Federal Reserve Chairman Jerome Powell seemed to say all the right things as he underlined the revised monetary policy by the Fed which is much more accommodating than prior months.