Forex and Gold Daily Report 04 March 2013-ISMARFinancial

The dollar was broadly higher against the other major currencies on Friday as upbeat U.S. data fuelled expectations for an early end to the Federal Reserve’s easing program, while weak data in the euro zone and U.K. supported safe haven demand.

Gold futures ended Friday’s session close to the lowest level since July, as speculation the Federal Reserve might end its bond-buying program sooner-than-expected continued to dampen the appeal of the precious metal.On the week, gold futures prices lost a modest 0.2%, the third consecutive weekly decline.

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