Question: Why is the price of gold at a record high? And how does that affect the dollar? Paul Solman: Gold is denominated in dollars. So if gold goes up, it means the dollar has gone down, because it takes…

Ending speculation that he might appoint a new central bank chief, President Obama said he would nominate Fed Chairman Ben Bernanke for a second term Tuesday as the administration continues its efforts to stabilize the embattled U.S. economy.

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