Summary Box: Commodities rise on Bernanke speech

AP News
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Posted: Aug 26, 2011 3:58 PM
Summary Box: Commodities rise on Bernanke speech

BROAD GAINS: Commodities rose broadly after Federal Reserve Chairman Ben Bernanke said the economy should improve over time, although it may require additional, near-term help. Prices for everything from gold and oil to wheat ended higher.

SUMMING UP BERNANKE: Bernanke said the Fed is prepared to use other measures, as needed, to promote economic growth. He also suggested that Congress could do more to promote job creation and economic health.

INVESTOR REACTION: Investors spent the day repositioning their holdings as Hurricane Irene began pouring rain on the East Coast.