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 BusinessNEW YORK — It’s not just the musical “Hairspray” that will air live on NBC tonight. Full StoryOXON HILL, Md. — Far from the Las Vegas Strip, MGM Resorts International opens its $1. Full StoryPROVIDENCE, R.I. — Tax credits. Lower cost of living. Restaurants and beaches. Full Story
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