The Investment Page: Gold Falls

Gold fell more than 1 percent to USD1,089.75 an ounce as a price slip below USD1,100 sparked technical selling, and amid caution ahead of Federal Reserve chair Ben Bernanke's congressional testimony later on Wednesday. "If, as we suspect, he maintains the clear stance to a loose monetary policy, the market will buy dollars on the hoped-for support this will give the economy," said Credit Agricole in a note.