Gold has pushed to new 6-week highs, spurred by rising risk appetite and a weaker dollar. Silver reclaimed the 34 handle for the first time in 6-weeks. The euro rose to new 3-week highs against the greenback, nearing 1.30 once again. Meanwhile the S&P 500 reached 2-week highs above 1,400 in abbreviated holiday trading.

While efforts to reach a deal on Greece earlier in the week were unsuccessful, hopes spring eternal, and optimism is running high once again for an agreement by Monday. Better than expected November German Ifo sentiment also buoyed the single currency.

Debate over the fiscal cliff will continue after the holiday, and hopes remain high for some kind of resolution. Additionally, the fragile Israel/Hamas cease fire is holding in Gaza, further contributing to the risk-on environment.



    Comments are closed.

    NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.