Forex and Gold Daily Report 26 December 2012

The U.S. dollar was mixed against the other major currencies in holiday-thinned trade on Monday, as investors remained concerned over whether U.S. officials will manage to agree on a deal to avoid a fiscal crisis.

Gold futures were little changed in quiet pre-Christmas trade during U.S. morning hours on Monday, as investors stuck to the sidelines amid growing pessimism a deal to avoid the looming fiscal cliff will be reached by the year-end deadline.

Trading is expected to remain subdued as many markets will remain closed till Us Session (6:30 pm PST),  reducing the liquidity in the market.

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