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 BusinessFebruary proved to be a strong month for U.S. stocks, even though it ended in downbeat fashion. Full Story
- Most Popular
- Most Emailed