Gold recovered after the losses seen on the back of a weak dollar and recovery across the board which extended with the absence of U.S. markets for Thanksgiving holiday.
Steady German GDP and better than expected IFO figures eased the fears over Germany’s stability after the bond auction and helped the markets recover. Also reports from Saudi Arabia that four people were killed and nine wounded in the eastern province further affected the market and fueled more fears regarding the unrest in the Middle East.
We still expect choppy and volatile trading on Friday with the return of U.S. markets yet only for a shortened early closing session and we expect low trading volumes with the lack of fundamentals and participants celebrating a long Thanksgiving weekend.
Originally posted here
