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Stocks have responded positively to comments from Fed Chairman Bernanke on monetary policy. Bernanke stated that the Fed remains prepared to adjust monetary policy in the event that economic developments warrant such a move.
Weakness in the dollar has helped stoke buying interest in commodities. That helped gold prices set a record high above $1580 per ounce. Meanwhile, oil prices are up 1.3% to $98.70 per barrel.
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