Forex and Gold Daily Report 18 March 2013-ISMARFinancial

The dollar turned lower against the other major currencies on Friday as U.S. inflation data indicated that the Federal Reserve had sufficient scope to continue its quantitative easing program.

Gold futures ended Friday’s session mildly higher, as a broadly weaker U.S. dollar and indications the Federal Reserve will keep its asset-purchase program in place for the indefinite future boosted the appeal of the precious metal.

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