FXstreet.com (Córdoba) - The yellow metal oscillated in a $25 range after Fed Chairman Bernanke said stagnation in the US labor market a grave concern and said he was open to using more quantitative easing as needed but did not explicitly signal any imminent move.
Gold initially fell toward a 9-day low of $1,646 an ounce but quickly bounce to daily highs above $1,671. At time of writing, gold is quoting around $1669 an ounce, up 0.8% on the day.
Gold initially fell toward a 9-day low of $1,646 an ounce but quickly bounce to daily highs above $1,671. At time of writing, gold is quoting around $1669 an ounce, up 0.8% on the day.
