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Gold has been on a bull run since the start of July but investors began profit-taking on Tuesday afternoon in advance of Federal Reserve Chairman Ben Bernanke's Jackson Hole announcement expected on Friday. Bernanke's statements regarding potential Federal support for the economy may have a major influence on the future of gold.

This double bottom has a chance, but a lot is riding on news out of Jackson Hole later this week from Fed Chair Bernanke about actions to stimulate the economy.

While Bernanke's latest announcement said nothing he didn't say in Jackson Hole, Wyo. last month, the lack of movement of the central bank in terms of implementation of economic growth strategies did not sit well with investors.

Federal Reserve Chairman Ben Bernanke's announcement in Jackson Hole today prompted optimism and increased commodities activity. While ambiguous, Bernanke's promise to consider further government support, invigorated oil, gold, wheat, corn and soybeans

Investors seemed comforted by Federal Reserve Chairman Bernanke's speech today. The Fed chief did not discuss any moves to ease the economy, but said that it had options.

Hong Kong stocks slumped in extremely slow trading ahead of a speech to be given by U.S. Fed Chairman Ben Bernanke early Friday, U.S. time. Hope that Bernanke would announce another round of easy money policies helped blue chips.