Bernanke: Gold Seen by Some as `Disaster Insurance'

July 18 (Bloomberg) -- Gold prices have fallen this year because investors see a reduced need for "disaster insurance," Federal Reserve Chairman Ben S. Bernanke said. Bernanke spoke in response to questions from Senator Dean Heller, a Nevada Republican, during his testimony before the U.S. Senate Banking Committee. (This is an excerpt. Source: Bloomberg)
U.S. Economy 'Doing Fine,' Data Improving, Harris Says
22:55 - Ethan Harris, co-head of economics research at Bank of America Merrill Lynch, talks about the performance of commodity markets, the U.S. economy and the outlook for Federal Reserve policy. Harris speaks with Alix Steel and Joseph Weisenthal on Bloomberg Television's "Bloomberg Markets." (Source: Bloomberg)
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