Friday, March 2, 2012

Stocks push higher even as dollar rises

Stocks and the dollar gained Monday as investors tried to predict when interest rates might start rising.

Prices for commodities including gold and oil tumbled as the dollar fell. Treasurys, meanwhile, rebounded from a sharp sell-off last week, pushing yields lower.

The dollar rose against other currencies ahead of comments from Federal Reserve Chairman Ben Bernanke, who will speak before the Economic Club of Washington. Bernanke has insisted that the Fed plans to keep rates low for the foreseeable future, but investors believe that as the economy improves, the central bank might move to raise rates and withdraw some of its support measures. That could …

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