Forex and Gold Daily Report for December 19, 2012

The dollar slid against most major currencies Tuesday as investors avoided the safe-harbor currency and chased higher-yielding asset classes on sentiments that the Obama administration and Congress are moving closer to agreeing on 2013 fiscal framework, which will steer the country away from a recession.

Gold prices plummeted in U.S. trading on Tuesday as hopes continued to build that U.S. politicians will put ideology aside and steer the country away from a year-end fiscal cliff that could tip the U.S. into an avoidable recession, which sent investors to stocks.

 

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