SINGAPORE, July 18 (Reuters) – Gold stayed put above $1,580 an ounce on Wednesday, after dropping in the previous session when the U.S. Federal Reserve Chairman Ben Bernanke disappointed gold bugs by offering no signs of imminent monetary stimulus measures.
* Spot gold was little changed at $1,583.99 an ounce by 0025 GMT, after losing about half a percent in the previous session.
* U.S. gold futures contract for August delivery edged down 0.3 percent to $1,584.50.
* Fed Chairman Bernanke on Tuesday offered a gloomy view of the economy’s prospects, but provided few concrete clues on whether the U.S. central bank was moving closer to a fresh round of monetary stimulus.
* Bernanke will address the House Financial Services Committee later on Wednesday.
* German analyst and investor sentiment dropped for a third consecutive month in July, a survey showed on Tuesday, providing further evidence that the euro zone crisis is taking its toll on morale in Europe’s largest economy.
* U.S. government debt yields rose from historic lows due to the absence of fresh clues when the Fed might embark on a third round of quantitative easing during Bernanke’s testimony to the Congress.
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* U.S. stocks rose on Tuesday after Coca-Cola and Goldman Sachs joined the growing roster of S&P companies that beat profit forecasts and as Federal Reserve Chairman Ben Bernanke left the door open to more stimulus.
* The dollar index inched lower on Wednesday, extending losses into a fourth straight session.
(Reporting by Rujun Shen; Editing by Himani Sarkar)
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