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Gold Futures Extend Losses After Release of Bernanke Testimony

Gold futures for August delivery dropped 0.5 percent to $1,583.50 an ounce at 10:04 a.m. on the Comex in New York. Federal Reserve Chairman Ben S. Bernanke refrained from discussing specific steps for further central bank action to boost the economy, according to testimony for delivery today to the Senate Banking Committee in Washington.

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