Bernanke indicated that the jobs recovery would be slow and that the economic outlook remains unusually uncertain. New York spot gold prices were falling $5.70, or 0.5%, to $1,186.50 an ounce Wednesday afternoon.
NEW YORK ( TheStreet) -- Spot gold prices were falling Wednesday afternoon as investors looked to divine direction from Fed Chairman Ben Bernanke's testimony to the Senate Banking Committee.
New York spot silver prices were losing 8 cents, or 0.5%, to $17.78 an ounce.
New York spot platinum prices, meanwhile, were down $2, or 0.1%, to $1,513 an ounce, while its sister metal was losing traction.
More on Commodities
|7 Hot Commodity Plays for High Inflation |
New York spot palladium prices were down $3, or 0.7%, at $448 an ounce.
Stockpickr.com. Follow Andrea Tse on Twitter and become a fan on Facebook.