UFXMarkets -Daily Gold & Forex Trading News-21-December-2011

For more Forex news & info, please visit http://ufx.co/UFXM-youtube... The US Dollar traded mixed against most major currencies as risk appetite grew stronger following the highest level of US housing starts in 19 months. It seems that the US the economy is on the road to recovery, with falling unemployment and consistently improving growth. Wall Street closed positive as the Dow Jones jumped by 2.87% and the Nasdaq rose by 3.19% due to positive economic data. Crude oil rose for a second day by 3.40%, closing at $97.60 a barrel. Oil rose on speculation that further sanctions against Iran will curb supply amid signs of improvement in the US economy. Gold fell, as the Dollar strengthened against the Euro, eroding the metal's appeal as an alternative investment.