Gold Prices Climb as Fed's Evans Says More Money Printing Is Needed

Gold Prices Climb as Fed's Evans Says More Money Printing Is Needed

Federal Reserve Chairman Ben Bernanke is scheduled to speak Monday at the Gerald Ford School of Public Policy at the University of Michigan after equity markets close, and Streible said the Fed chief likely would repeat many of the forecasts Evans enumerated in his speech and add that the central bank is monitoring other global economic events as well.
The euro was slightly higher against the U.S. dollar at $1.3367, up from Friday's close at $1.3363. The move continued a winning streak for the eurozone's common currency, which has benefited from European Central Bank President Mario Draghi's comment last Thursday that he believed the region would see economic activity gradually recover in 2013.