NEW YORK ( TheStreet) -- The Federal Reserve continues to push market expectations in one direction, then the next. The central question is whether or not we will see reductions in quantitative easing stimulus this September, and we have seen statements from Ben Bernanke which suggest a few different scenarios are possible.This week, we will have additional clues, as the Fed chairman gives his semi-annual testimony before Congress. Bernanke's level of confidence in the U.S. economic recovery will determine the near-term direction in stocks, commodities and the U.S. dollar. For investors with exposure to gold in instruments like the SPDR Gold (GLD), gains will require a dovish outlook and an expressed willingness to maintain stimulus programs -- even if the labor market continues to improve at its current headline rate.
Bernanke to Drive Gold, Commodities
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