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Gold prices climb as optimism for Spanish banks spurs euro

http://www.danielstrading.com

Gold futures advanced on Friday as the 17-nation euro also gained in value after indications of support for debt-riddled Spanish banks, The Wall Street Journal reports.

Despite Friday's gains, bullion is still down for the week after the world's reserve currency benefited from what U.S. Federal Reserve Chairman Ben Bernanke did not say. When testifying before the Joint Economic Committee on Capitol Hill on Thursday, Bernanke did not commit to any economy-spurring intervention measures.


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