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Gold is rising on rumors of Greece and Bernanke's comments
Gold is found growing after the rumors about an early agreement between the authorities of Greece and creditors. Prime Minister of Greece Lucas Papademos night held talks with representatives of the EU and the IMF, and on Tuesday morning in the country began a 24 - hour national strike.
Supply of gold to China from Hong Kong in 2011 increased more than threefold to 38.6tons, indicating a growing demand, according to published statistics on Tuesday in Hong Kong.
The Fed chief said he expects a more active economic recovery in 2012, noting the slow growth of wages and weak demand for real estate. Bernanke said he does not expects strong growth in inflation and output growth is encouraging.
The cost of the February gold futures on the COMEX today rose to 1738.9 dollars per ounce.
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