Forex and Gold Daily Report 09 January 2013

The dollar rose against most of its peers on Monday after a string of disappointing indicators hit the wire in Europe, dampening demand for risk though the greenback slid against the yen, which rebounded on talk expectations for policy loosening have been priced into the market.

while, Gold prices rose on Monday after stocks posted modest gains in afternoon Wall Street trading, enticing investors to take up nicely priced positions in the yellow metal. Talk that physical demand is on the rise in China pushed up prices as well.

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