Gold Advances as Bernanke Fails to Offer Plan for Stimulating U.S. Economy

Bloomberg reported that the lack of an economic stimulus plan caused gold prices to rise.

The market news is quoted as saying:

Gold futures for December delivery gained $21.10, or 1.2 percent, to $1,784.30 at 11:10 a.m. on the Comex in New York. Prices are still headed for the first weekly loss in eight weeks.

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