Commodities stay resilient after US Federal Reserve chairman’s remarks


GOLD prices rallied strongly and penetrated above 1700.00 benchmarks after Federal Reserve chairman Ben Bernanke signalled the possibility of maintaining the near zero interest rate until 2014.

Greenback weakened and spurred higher prices in gold and crude instruments. In addition, lower-than-expected United States GDP for the last quarter also recedes the dollar value and caused the gold rally to continue on Friday.

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