Gold steadied today as the dollar index reversed earlier losses, but trading was muted as the U.S. currency remained hemmed into ranges ahead of a Federal Reserve meeting next week.

Russia’s Fin Min talks up the dollar!  Currencies, commodities, stocks all lose ground…  Who’s car is uglier … Gold hit a 3-week low… And Now… Today’s Pfennig!

Carry trades unwind…Euro zone GDP falls…Will TIC flows be enough?? Aussie dollar predicted to outperform…And Now…Today’s Pfennig!

We don’t know if we’re in a recession, a “Great Recession” or a depression. All we do know that the stock market is anything but predictable right now.

Euro climbs back to 1.30…  High Yielders bounce back…  Gold to hit $1,500?  Kurt Richebacher… And Now… Today’s Pfennig!

Bad news for car makers rallies the US$…  Yen comes back strong…  Singapore to devalue?…  German Chancellor Merkel gives warning… And Now… Today’s Pfennig!

Geithner sends the dollar on a thrill ride…  A failed UK gilt auction…  China set to recover first…  AUD and NZD rally again… And Now… Today’s Pfennig!

US$ continues to be propped up…  SEK moves up vs. the US$…  Japanese yen falls….  Gold prices come down … And Now Today’s Pfennig!

Gold held below $900 an ounce on Tuesday, giving up some of the previous sessions’ gains, as easing risk aversion dampened interest in the precious metal. Spot gold was quoted at $898.65/900.25 an ounce at 1403 GMT, against $902.65 in New York late on Monday. Earlier it slipped to a low of $891.60 an ounce.

The Russian ruble fell yesterday (Monday) to levels not seen since the 1998 banking crisis, as the nation’s central bank devalued the currency for the sixth time in seven days. The devaluation is seen as a sign of further deterioration in the Russian economy and comes despite government efforts to orchestrate an orderly retreat.