February 2012
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Gold Rallied On USD Weakness


Forex currency price chart of XAU and USD

Gold Rallied On USD Weakness

Euro Trades Briefly Above 1.3000

U.S. Dollar Trading (USD)

U.S. Dollar Trading (USD) volatility was evident in a wide range of markets yesterday with sentiment turning from very negative to extremely positive over the trading day. Weak results from IBM and Housing data missing expectations sent the Dow Jones Index down at the start of trade for a test of the key 10000 level before rebounding aggressively for the rest of the day. In US stocks, DJIA +75 points closing at 10230, S&P +12 points closing at 1083 and NASDAQ +24 points closing at 2222. Looking ahead, Ben Bernanke Speaks before Congress.


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