The Black Eyed Peas - Pump It - YouTube
Video - Fed Chairman Bernanke Appears Before Senate Banking Hearing in Semiannual Address - WSJ.com
Bernanke has done it again as they are trying desperately to keep the Titanic floating a little longer.
He has a tough job as the Titanic keeps developing holes and springing leaks. Gold will always react to this type of news from the fed, but gold already bottomed 6 days ago so you cannot blame news for making gold go up. If anything Gold moved in anticipation of news not the news itself.