Forex and Gold Daily Report 21 January 2013

The U.S. dollar ended the week at more than two-and-a-half-year highs against the yen on Friday, amid expectations for more easing by the Bank of Japan, while the euro ended the week lower amid renewed concerns over the economic outlook for the euro zone.

Gold futures for February delivery shed 0.4% on Friday to settle the week at USD1,684.50 a troy ounce.  Despite Friday’s modest losses, gold futures prices ended the week with a 1.25% gain, the second consecutive weekly advance and the biggest in nearly two months.

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