Gold jumped ahead of Bernanke's speech

Gold futures advanced on Friday, ahead of a highly anticipated Ben Bernanke's speech, that can signal new policy moves from the Fed. Gold with December contract rose by 0.4 per cent, to $1,664 per ounce. Other precious metals also edged higher on Friday, with copper, silver and palladium for December settlement jumping 0.4%, 0.9% and 1.1%, respectively.