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Gold futures climbed Tuesday, with caution over the anniversary of the Sept. 11 terrorist attacks as well as weakness in the dollar setting prices up to mark a four-session winning streak.
Gold for December delivery rose to $716 an ounce, up $3.80, on the New York Mercantile Exchange.
In a speech Tuesday, Federal Reserve Chairman Ben Bernanke said there has been some progress in recent months in reducing the global trade imbalance of a large U.S. current account gap and corresponding surpluses in China and oil-exporting countries. Bernanke did not address the current financial market turmoil or credit crunch. |
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