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 ó The Obama administrationís far-reaching plan to address climate change would cause... Full StoryWASHINGTON ó Mortgage giant Freddie Mac reported net income of $524 million for the first... Full Story
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