Fed’s Jefferson says economy near maximum employment

The Vice Chairman, Philip Jefferson, continues to cross the wires. He said that “inflation has resulted from a cascade of shocks” at the Darden School of Business, University of Virginia, Charlottesville, Virginia.
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Gold defies US Dollar surge as US yield slide revives Bullion demand

Gold price drifted higher, posting modest gains of over 0.40% on Thursday as US Treasury yields dove after Wednesday's inflation data, triggering a trimming of hawkish Fed bets for the October meeting. The XAU/USD trades at $4,175, up 0.4%.
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