Dollar traded in thin trading range against Australian Dollar and Great Britain Pound, while Euro got strengthen against the greenback.
The outlook for global growth remains on investors’ radar screens. The imminent leadership changes in China and the United States (US) also had a material impact, as the effectiveness of China’s multiple stimulus mechanisms and the fiscal consolidation needs and efforts in the US are assessed.
Gold remained strong but directionless at the end of the month, staying in a tight range in the low 1700′s to close the month at 1714.68.
Crude oil stayed in established broader range of 77.27 to 100.72in November. The corrective nature of the price actions from 84.67 so far argues that it’s merely a consolidation pattern.
To download complete report; CLICK: Forex Gold and Commodities Report for December, 2012