The price of gold headed for its biggest gain in six weeks as Federal Reserve chairman Ben Bernanke defended the central bank’s unprecedented asset purchases.
He said in testimony to the Senate Banking Committee in Washington that the asset purchases are supporting the expansion with little risk of inflation or asset-price bubbles.
“We do not see the potential costs of the increased risk-taking in some financial markets as outweighing the benefits of promoting...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team