PRECIOUS METAL WRAP:

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PRECIOUS METAL WRAP:

Post  RaahiShah on Thu Jul 19, 2012 3:47 pm

PRECIOUS METAL WRAP: Gold traded little changed on Thursday, after two sessions of losses as U.S. Federal Reserve Chairman Ben Bernanke offered no hints on further stimulus and worries about the euro zone persisted. Federal Reserve Chairman Ben Bernanke, in his second-day testimony to the Congress, again did not hint at new stimulus measures despite recent signs of tepid job market and a slow-down in economic growth.

Sept Comex Silver last traded down 0.196 at 27.12 oz.Mr. Bernanke’s Tuesday and Wednesday talks to the US Congress saw traders and investors generally disappointed the Fed chief’s remarks did not include any fresh clues on easing of US monetary policy coming soon.
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