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- Gold went down behind the growth of the dollar on Bernanke comments
Gold went down behind the growth of the dollar on Bernanke comments
After the speech, Fed chairman in Congress, gold prices have fallen because of the strengthening dollar. Bernanke said increasing downside risks and the willingness to take action in the Federal Reserve if needed. He added that existing at the moment are two main risks - a crisis of the euro area and fiscal situation in the United States. In this case, the level of uncertainty is extremely high, and the recovery in employment is very slow.
August gold futures on the COMEX today fell to 1571.0 dollars per ounce.
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