The Dollar Index hit six month highs, helping keep the price of gold below the $1,100 level. This has heaped further downside pressure on an already embattled commodity. Gold has fallen for three consecutive weeks as sentiment remains wary following comments by President Obama that he will overhaul the risk-taking activities of US Banks.

Market News

1. US GDP on Friday came in at 5.7%, ahead of analysts' expectations
2. In terms of economic announcements, we see Australian Interest Rates being released tomorrow, and UK and Eurozone rates scheduled for Thursday
3. Please note that non farms are scheduled for release on Friday

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