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Updated from 1:25 p.m. EST
Disappointing economic news and signals from Federal Reserve Chairman Ben Bernanke that rate hikes aren't imminent weakened the dollar Wednesday, sending gold higher.
Contracts for April delivery of gold closed up $3.50 at $672 an ounce on the Comex division of the Nymex.
The bullion exchange-traded funds were getting a lift also, with streetTracks Gold Shares (GLD Quote) up 0.6% and iShares Comex Gold Trust (IAU Quote) ahead similarly. Both ETFs hold bars of gold. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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