US Stock Market Move | Spot gold breaks through the $3400 mark. The gold ETF (GLD.US) is up 1.5%

On Monday, the gold sector strengthened, with spot gold breaking through the $3400 mark. As of press time, the Gold ETF (GLD.US) rose 1.5%, Barrick Mining (B.US) rose 3.77%, Gold Fields Limited Sponsored ADR (GFI.US) rose over 5%, and Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US) rose over 7%. On the news front, US Treasury Secretary Janet Yellen stated today that the Federal Reserve as an institution needs to undergo a comprehensive review and evaluate whether it is operating successfully. Yellen refused to comment on reports that he had advised President Trump not to dismiss Fed Chair Powell during an interview, saying that decision would be up to the President. However, he mentioned that the Fed should be subject to review and criticized for "creating panic on trade issues," while pointing out that there has been little to no inflation impact so far.