Alexa

Gold continues to rise ahead of Bernanke's speech

Gold continues to rise ahead of Bernanke's speech

The price of gold is at the highest level in four months as anticipation builds ahead of Federal Reserve Chairman Ben Bernanke's speech later this week in Wyoming.
Gold for December delivery rose $2.70 Monday to finish at $1,675.60 per ounce _ the highest it's been since mid-April.
Bernanke's remarks at the Fed's annual conference typically are scrutinized for hints about what action the central bank may consider to help economic growth. His speech has taken on more importance this year because of the slower U.S. economy.
Concerns are also lingering about how European leaders will resolve their region's debt crisis.
In other trading, prices are higher for silver, palladium and gasoline. Oil, copper, wheat, corn and soybeans are lower.


Updated : 2021-03-03 17:29 GMT+08:00