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Gold traded in a range
Today gold is trading in a narrow range, somewhat recovered after falling to month lows earlier this week.
The dollar index fell by 0.13% to a basket of currencies at a reduced volume of trading due to the celebration of Thanksgiving Day in the U.S.
Investors watch the meeting in Strasbourg, German Chancellor Angela Merkel, French President Nicolas Sarkozy and Italian Prime Minister, Mario Monti, to assess in which direction the euro area. Observers expect that Sarkozy will be able to convince Merkel is not willing to give the European Central Bank greater freedom of action to combat the debt crisis in the eurozone. But judging by recent statements by the heads of France and Germany, their positions remained unchanged, and Germany is still against Eurobonds and empowerment ECB.
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