Bernake's Testimony Having Its Effect

...on the U.S. dollar primarily. His words have driven the U.S. Dollar Index down, at times hard. As of 10:47 AM ET, his comments about how the U.S. still needs record-low rates has pushed the Index to 80.38. His testimony proved to be quite the head-fake for dollar bulls.

Gold has taken the opportunity to shake off the early-morning decline. As of the same time, it's back above $1,100.