UFXMarkets -Daily Gold & Forex Trading News-12-January-2012

2012-01-14 5

For more Forex news & info, please visit http://ufx.co/UFXM-youtube... The US Dollar gained versus most major currencies as concerns regarding the European debt crisis raised demand for safety. France's Credit Rating faces downgrade risks which could lead the European economic into a deeper recession. Stocks in the US finished slightly higher, indicating that the separation between the US and European economies is widening. The NASDAQ gained by 0.31% and the Dow Jones declined by -0.10%. Crude Oil declined by -1.13% closing at $101.08 a barrel. Gold (XAU) gained by 0.71% closing at $1,643.10 an ounce as Chinese demand for the precious metal pushed prices higher. Today, Core Retail Sales are expected with 0.3% versus 0.2% previously. Unemployment Claims are expected with 373K versus 372K previously.