The US stocks closed lower today as a result of disappointing US economic data. The Asian and European markets were low as well.
The only exception however was the Manufacturing Index which caused that Yen to rise against the Dollar.
Gold declined as the Dollar rose due to speculation that the Fed could raise interest rates sooner. Today however, the metal has made strong gains. Traders should watch the US data later today as it could change the current direction of the price.
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