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)

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