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 BusinessLOS ANGELES ó Itís back, and itís back on a scale that is well matched to this car-centric city. Full StoryThe stock market closed out its fifth straight week of gains with another record high on Friday. Full Story
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