Bloomberg News

Gold Futures Extend Losses After Release of Bernanke Testimony

July 17, 2012

Gold futures for August delivery dropped 0.5 percent to $1,583.50 an ounce at 10:04 a.m. on the Comex in New York. Federal Reserve Chairman Ben S. Bernanke refrained from discussing specific steps for further central bank action to boost the economy, according to testimony for delivery today to the Senate Banking Committee in Washington.

To contact the editor responsible for this story: Millie Munshi at mmunshi@bloomberg.net


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