Forex and Gold Daily Report 06 March 2013-ISMARFinancia

The dollar was almost unchanged against the euro and pared losses against the yen on Tuesday, after data showed that the U.S. service sector expanded at it fastest rate in a year in February.

Gold prices rose on Tuesday chasing U.S. stocks that hit record highs earlier after U.S. service-sector data came in much better than expected. Gold also saw gains on market sentiment that the Federal Reserve won’t rush to unwind monetary stimulus programs currently in place..

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