Gold prices snap five-day losses

London (Nov 4)  Gold prices recovered marginally, snapping a five-session losing streak and rising nearly $3 on Wednesday at 7:15 GMT. The gold lost nearly $50 per ounce over the last five days amid forecasts of raising the U.S. interest rate in December.

U.S. Federal Reserve Chairwoman Janet Yellen is scheduled to appear before a congressional committee Wednesday to take questions on the Fed’s actions and plans for bank regulation, and its role in overseeing the country's financial system.

Source: mubasher