Crude Rebounds after Bernanke's Comment. Gold Approaches Record High

Continued to be a tug of war between bulls and bears, crude oil price initially fell below 70, extending Friday's weakness after disappointing US payrolls and worries over Hungary's fiscal condition, but then rebounded to as high as 72.49 after an encouraging employment trend survey released by the Conference Board and a speech from Fed Chairman Ben Bernanke.

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Crude Rebounds after Bernanke's Comment. Gold Approaches Record High