Thu, 11 Jul 2013 10:02:05 GMT
Gold rises as Dollar slips on Fed stimulus prospects
Gold futures advanced by almost $50 per ounce as Ben Bernanke announced that the Federal Reserve will maintain U.S. interest rates low to cure economic growth. The August old contract jumped $39.40 to $1,286.60 per ounce, adding to signs before the Fed minutes August old settlement was at $1,247.40 per ounce.