Gold Falls for Second Day on Bets Dollar Will Rebound on Bernanke Outlook

Bloomberg reported that gold dipped for two straight days on speculation of a strengthening dollar.

The market news is quoted as saying:

“Bernanke wasn’t as bearish on the economy as everyone thought he was going to be, and that was supportive for the dollar,” said Frank Lesh, a trader at FuturePath Trading LLC in Chicago. “Gold is reacting to the dollar.”

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