UFXMarkets -Daily Gold & Forex Trading News-9-November-2011

2011-11-12 0

For more Forex news & info, please visit http://www.ufxmarkets.com... The US Dollar declined versus most majors as optimism returned to the markets following headlines suggesting Italy's PM Berlusconi will resign after the new budget law passes the approval of parliament. Stocks advanced steadily, led by the financial sector. The NASDAQ gained by 1.20% and the Dow Jones by 0.84%. Crude oil rose by 1.5%, closing at $96.95 a barrel. Gold (XAU) declined by -0.55% closing at $1,785 an ounce. Today, the Federal Reserve Chairman, Bernanke, will speak in Washington DC. Wholesale Inventories and Crude Oil Inventories will be released.