Daily Remarkable news - December 12, 2013 (sources: collection)

Congress reached agreement BUDGET The policy makers of both Republicans and Democrats have reached an agreement on the budget . The draft budget if the government is bicameral U.S. Congress ends a stalemate over extending the negotiations and stop the risk of a government shut down again on 01/15/2014 and pause the fight budget . However, this positive information reinforces the earlier decision to cut the program to buy bonds worth $ 85 billion / month on the following week's meeting of the U.S. Federal Reserve ( Fed ) after the data positive economic data have been published previously , particularly labor data published Friday .

USD Index, measuring the strength of the dollar rose for the first time after 5 consecutive days before it fell . Meanwhile, the yen rose against most major currencies as global stocks plunged sharply cut by Fed QE fears , increasing demand for haven assets .

GOLD PRICE REDUCED AFTER 3 consecutive days

Gold prices retreated back in session yesterday when MPs of the two parties in the U.S. Congress reached an agreement for funding the government after 1.15.2014 , the government blocked risk closure again . Fiscal instability was resolved to increase the expected Fed cuts soon quantitative easing program at its meeting next week . End of session 11/12 , world gold prices fell 10 USD to USD 1,251.80 / ounce .

The market's attention remains focused on the Fed's policy meeting held on to 17-18/12 . The prosperity of the labor market increases the agency expects to cut stimulus at the last meeting of the year . However, some analysts said the market has become less sensitive to speculation about the timing and pace of Fed QE package reduced and the price of gold can be volatile sideways in the remaining time of year when investors become more cautious , especially at the end of this year .