The Hunt for the Next 10 Bagger

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Gold snaps losing streak on Yellen, geopolitics
SAN FRANCISCO (MarketWatch) -- Gold futures snapped a five-session losing streak to rebound Friday on slightly more hawkish comments from Federal Reserve Chairwoman Janet Yellen and Ukraine-Russia tensions. December gold GCZ4, +0.47% rose $4.80 for the session to settle at $1,280.20 an ounce on the Comex division of the New York Mercantile Exchange. The precious metal shed 2% for the week. Yellen, speaking in Jackson Hole, Wyo., said the debate at the central bank is shifting to when the Fed should begin to tighten monetary policy. Reports that NATO expressed alarm over the buildup of Russian forces near Ukraine also supported gold.