NEW YORK, June 7 (UPI) -- Gold futures plunged Thursday after Federal Reserve Chairman Ben Bernanke avoided pledging any concrete stimulus steps the central bank might take.
In a speech prepared for the Joint Economic Committee on Capitol Hill, Bernanke suggested further stimulus measures could be effective in giving new life to a sluggish U.S. job market. But he didn't say when or how or anything else that resembled a commitment, despite recent remarks by other Fed officials that stimulus measures were needed.