Gold is trading back above $1,600 after the chairman of the Federal Reserve defended the the central bank’s efforts to help the economy.
Gold for April delivery rose $28.90 in Tuesday trading to settle at $1,615.50 an ounce. The price of gold dropped below $1,600 last Wednesday on speculation the Fed could end its bond-buying program sooner than planned.MORE IN National / World BusinessWASHINGTON — Nutrition facts labels on food packages are getting a long-awaited makeover, with... Full StoryBOSTON — When colleges pick their graduation speakers, many strive to put a celebrity behind the... Full StoryWASHINGTON — President Barack Obama could lift restrictions on arms sales when he makes his first... Full Story
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