Forex and Gold Daily Report 25 January 2013

The dollar traded steadily against most major currencies on Thursday, pushed down slightly by firming manufacturing data in Europe while gaining on dovish comments made by a Japanese economy official.

Gold prices fell on Thursday after investors sold the precious metal for profits.

A decision in the U.S. House of Representatives to lift the government’s debt ceiling for three months sent the metal rising in recent sessions though many opted to return to the dollar after concluding the move was largley a stopgap measure that provides little lasting fiscal reform.

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