Gold rose on Friday after the Federal Reserve chairman said it was critical to reduce U.S. unemployment, which encouraged some safe-haven bullion buying after days of liquidation pushed gold down sharply from record highs this week.
Gold fell briefly after Fed Chairman Ben Bernanke did not provide details on steps the Fed could take. But bullion rose as investors focused on the Fed's pessimistic economic outlook and focus on spurring economic growth.
Gold fell briefly after Fed Chairman Ben Bernanke did not provide details on steps the Fed could take. But bullion rose as investors focused on the Fed's pessimistic economic outlook and focus on spurring economic growth.
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