UFXMarkets -Daily Gold & Forex Trading News-05-December-2011
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- For more Forex news & info, please visit http://ufx.co/UFXM-youtube... The US Dollar strengthened versus most of the majors after worse than expected Payrolls data. The market added 120 thousand jobs while the forecast predicted 125 thousand jobs. On the other hand, the unemployment rate unexpectedly dropped to a 2.5 year low from 9% to 8.6%. Wall Street closed with a mixed trading week mixed as the NASDAQ rose by 0.03% and the Dow Jones declined by 0.01%. Crude oil rose to a two-week high by 1.00% and closed at $101 a barrel amidst concern that tension between Iran and the West will intensify, threatening shipments from OPEC's second-biggest crude producer. Gold rose by 0.10%, closing at $1, 746 an ounce.
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