Forex and Gold Daily Report 27 February 2013-ISMARFinancial

The dollar strengthened against most major currencies on Tuesday after investors looked past dovish comments from Federal Reserve Chairman Ben Bernanke and solid U.S. indicators and snapped up nicely priced positions in the U.S. currency.

Gold prices rose in U.S. trading on Tuesday after Federal Reserve Chairman Ben Bernanke downplayed the possibility of inflationary and other side effects arising from the U.S. central bank’s loose monetary policies.

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