Gold Price Holding Near Session Highs As Greenback Continues To Weaken

New York (June 14)  Gold prices are trading up and near their daily highs in late-morning action Wednesday, supported by a solidly lower U.S. dollar index on the day. The greenback continues to erode and is trading near its daily low after some weaker-than-expected U.S. economic data was released Wednesday morning. Traders and investors are now awaiting Wednesday afternoon's FOMC statement and press conference from Fed Chair Janet Yellen. August gold was last up $10.00 an ounce at $1,278.80.

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