Market Review By TraderXP: 

Gold traded little changed after falling to one-month low, as investors' increased reserves in the exchange of products is the highest ever to combat the influence of the dollar strengthening.

"Markets are held hostage to progress on the financial rocks in the U.S.," said Liang Feng, an analyst at GF Futures Co, the third-largest department in the country listed brokers. "There are bargain hunters for gold below $ 1,700."
Gold is likely to reach its peak in 2013 and decline to hold next year as U.S. economic growth accelerates, Goldman Sachs Group Inc. said yesterday.

Market News

Dow, S & P increases, but Nasdaq spoiled with Apple, in a wild day
Volatile trading session ended USstocks mostly higher on Wednesday, as Apple, the most valuable company in the United States, suffered the worst day loss in nearly four years.
In a strange incident, Apple was set in the Nasdaq 100 NDX fall by 1.1 percent, while the Dow industrials, which do not include Apple, as a component -. Enjoyed the best day since November 28.
Since the fall, Apple has shed nearly $ 35 billion in market capitalization, the largest one-day market capitalization loss ever. Company market value, or market capitalization now stands at $ 506.85 billion.
"Today's move is because the weight of the index, with the Nasdaq down due to lower Apple," said Rex Macey, chief investment officer of Wilmington Trust in Atlanta. "S & P up because Apple is not so much weight in the index, as the Dow Jones industrial average is even more because it was not at all."
Broader market seesawed, with S & P 500 down in negative territory before it bounced on the level of 1400, which is seen as key support in the past two weeks. Investors cited comments from President Barack Obama offering potential near resolution "financial cliff" debate in Washington as a catalyst for the rebound.
Travelers Cos Inc shares rose 4.9 percent to $ 74. The stock is the top winning percentage Dow after the insurance company announced their intention to buy back shares is temporarily suspended while it assessed its impact SuperStorm Sandy. The company also said a preliminary estimate of net losses from Sandy was about $ 650 million after tax.
Index Dow Jones Industrial Average rose 82.71 points, or 0.64 percent, to 13,034.49 at the close. Standard & Poor 's 500 Indexgained 2,23 points, or 0.16 percent, to 1,409.28. But the Nasdaq Composite Index fell 22.99 points, or 0.77 percent, to end at 2,973.70.
Apple, the largest U.S. company by market capitalization and weight as the S & P 500 and Nasdaq, fell 6.4 percent to $ 538.79. Apple down morethan 20 percent from a record reached at the end of September, putting the stock on the territory of a bear market.
Banking stocks led higher by 6.3 percent jump in Citigroup to $ 36.46 after the company said it would cut 4 percent of its work force. S & P financialsector index rose by 1.3 percent, and Bank of America hit a 52-week high of $ 10.55 before pulling back slightly. Shares, a component of Dow, closed at $ 10.46, up 5.7 percent for the day.
Cyclical sectors that are associated with economic growth, rallied to optimismabout progress on a solution to avoid a financial cliff. S & P index of industrial shares rose by 1.1 percent, supported by Caterpillar Inc, by 2.2 percent to $ 86.05, while the S & P index of energy stocks rose 0.7 percent. Dow Jones Transportation Average gained 0.9 percent, with CSX Corp jumps 2.7 percent to $ 20.16.
However, Apple was struggling throughout the session. Led many market participants to the fall in stock ofreasons Ipad manufacturer, including consultant's report on the company's loss of market share in the tablet and says that margin requirements were raised at least oneclearing firm as well as the year-end tax selling in anticipation of a possible rise in capital gains tax rates next year.
On the front of Washington, Obama told Business Roundtable, a group of leaders on Wednesday that financial transactions could rock "within a week" if the Republicans have recognized the need to raise taxes on wealthy Americans.
Stocks tried to get the land in recent times due to concerns about the financial cliff - a series of mandatory spending cuts and tax increases effective at the beginning of January, which could push USeconomy into recession next year. Latest deals switched to any delays sentiment from Washington to headlines about the negotiations.
"Obama's comments generated a lot of optimism, but to the extent that the market believesthem, that's how we set to reduce, if that time passes with no progress," said Macey, which helps control about $ 20 billion in assets.
In an interview with CNBC after the market close, the U.S. Treasury Secretary Tim Geithner said that the uncertainty in the financial cliff stood in the way of strong economic growth, and that there was no prospect of an agreement, if the tax rate were raised by wealthy taxpayers.
The stock of Freeport-McMoRan Copper & Gold Inc fell 16 percent to $ 32.17 and ranked as the biggest percentage decliner S & P 500. The company said that the acquisition of Plains Exploration and Production Co and McMoRan Exploration Co in two separate proposals for $ 9 billion in cash and stock in a large energy expansioninto.
Study McMoRan rose 87 percent to $ 15.82 and plains rose 23.4 percent to $ 44.50.
About half of all shares traded on the New York Stock Exchange closed at positiveterritory, while about 54 percent of Nasdaq-listed shares ended lower.
Volume was higher than it was in the last sessions, about 6.93 billion shares of hands on the New York Stock Exchange, NYSE, Nasdaq and MKT, above the daily average this year of about 6.48 billion shares. Reuters.com

Currencies

Euroslips slightly ahead of ECB, jobs data lifts Aussie
Euro slipped in Asian trade on Thursday, moving further away from the two seven-week high against the dollar and 7-1/2-month high against the yen hit the previous session, as investors await the meeting of the European Central Bank's policy.
The ECB is expected to keep rates on hold at 0.75 percent at its policy meeting on Thursday. Investors will look for clues about the ECB President Mario Draghi will show a greater willingness to reduce the cost of borrowing in the future.
"In anticipation of the ECB meeting, the dollar and the yen after the arrival of the euro redeemable said Teppei Ino, a currency analyst at Bank of Tokyo-Mitsubishi UFJ.
Long-term prospects for the yen was undermined expectations of pressure on the Bank of Japan will take further steps relief after the elections on 16 December.
The last Japanese poll on Thursday showed the opposition Shinzo Abe's Liberal Democratic Party on the way to ensure a majority.
"Polls showed today LDP, expected, good, suggesting a lack of the yen," Ino said. "Comments Nishimura Yesterday the Bank of Japan suggested that the bank is considering further easing even the election results are not yet known."
BOJ Deputy Governor Kiyohiko Nishimura said Wednesday the central bank will discuss whether its monetary easing in September and October was enough to support the economy, which may be understating their forecasts.
The expected change of government and the prospects of a sharp weakening would weaken safe-haven yen further over the next year, according to the latest Reuters poll in December.
"Politically, the leader of the LDP Abe softened his aggressive position on monetary policy. Nevertheless, we remain bearish on the JPY in the medium term, and will look to increase our JPY short positioning times looks less stretched," Citigroup analysts wrote in a note.
Citi lowered its weight yen positions in the first place because the currency tradershave become shorter in mid-November.
The euro rose to $ 1.3127 on Wednesday on trading platform EBS, its highest level since mid-October. It was the last purchase of $ 1.3056, which is about 0.1 percent from late U.S. levels.
The euro is likely to hold its value against the dollar during the month following the rally in the past few weeks, but persistently weak euro zone economy will put it under pressure in the next year, according to the latest poll Reuters.
The euro also fell by about 0.1 percent against the yen to 107.74 yen, after hitting a 7 1/2-month high 107.95 yen on Wednesday.
Yen slightly down against the dollar, which in the past was to 82.52 yen, and ashamed of his 7-1/2 month high of 82.84 yen hit last month.
The Australian dollar jumped against the U.S. dollar after surprisingly strong jobs report prompted investors to lower expectations for further easing.
Aussie hit a session high of $ 1.0480, near a two-month high of $ 1.0491 hit last week, the last trade at $ 1.0472 to about 0.2 percent per day.
Net new jobs beat expectations, and the unemployment rate fell to a three-month low of 5.2 percent, confounding expectations of growth of 5.5 percent.
Reserve Bank of Australia (RBA) has cut its key interest cash a quarter point this week, taking it back to a record low of 3 percent last seen during the global financial crisis. Reuters.com