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Fed Chair Powell: The US economy may be more resistant to interest rates

Fed Chair Powell: The US economy may be more resistant to interest rates
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WRAPUP 1-Fed's Powell, others, not ready to call policy peak

WRAPUP 1-Fed's Powell, others, not ready to call policy peak
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Fed's Powell, others, not ready to call policy peak

Fed's Powell, others, not ready to call policy peak
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Fed rate hike: Fed's Powell, others, not ready to call policy peak

Speaking at a separate event, Richmond Fed President Thomas Barkin noted that it "remains to be seen" if further tightening will be warranted, particularly with the economy growing at a 4.9% clip last quarter.

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Gold lacks firm intraday direction, remains on track for its worst week in over a month

Gold price (XAU/USD) struggles to capitalize on the previous day's goodish bounce from the $1,944 area, or over a three-week low and oscillates in a narrow range during the Asian session on Friday.

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