Unsurprisingly US interest rates were left unchanged last night, but the FED signaled that they would start to undo some of their emergency lending support next year, creating some positive momentum for the greenback. The US Dollar Index has risen considerably in December, highlighting a slew of buyers since hitting multi month lows in November, and helping the gold decline over the past couple of weeks.

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Gold & Silver

METAL

LEVEL

CHANGE

GOLD

$1,128.50

-$12

SILVER

$17.51

-$0.23

Market News 

  • Whilst the dollar rises, the FED have indicated that they have no immediate plans to raise interest rates.

Analysts polled by Reuters expect interest rates to be raised by the end of the first quarter in 2011

Major Economic News

TIME

MARKET DATA

1330

Initial Claims

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