Gold Lifts on Bernanke’s Comments, Suggesting Less Aggressive Stance on QE

CNBC reported that gold benefited from Bernanke’s comments, suggested that monetary easing will remain in the near term.

As quoted in the market report:

Bernanke appeared to scale back some of the more aggressive comments regarding curtailment of QE and focused on additional monetary stimulus for the remainder of this year,” Jonathan Butler, an analyst at Mitsubishi, said. “If there’s a reiteration of that, we might well see gold push a bit higher.

To view the whole CNBC report,click here.