The U.S. dollar turned lower and gold futures rebounded after Federal Reserve
Chairman Ben Bernanke testified on the outlook for the economy before the Senate
Budget Committee Tuesday morning. There, Bernanke provided the identical
testimony as he gave last week to the House of Representatives Budget Committee,
which GoldAlert discussed at that time. More importantly for today, however, was
the fact that the Fed Chairman did not comment on last Fridays better than
expected non-farm payroll report which was announced after last weeks
testimony.
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