An epic battle was joined between a rising dollar (thus sinking gold), and a solid rise in regular trading that rode the strength of technical momentum.

The investing world again today is hanging on what Janet Yellen, Chairwoman of the Fed, says in Congressional hearings, this time in front of a House panel. Is anyone seriously thinking she will change her tune from yesterday?

Yet one more time, Fed Chairwoman Janet Yellen said the central bank would not be raising interest rates anytime soon. Her reasoning was laid out clearly one more time, too. Labor is improving but not completely healthy. Inflation is weak.