Although we were off the mark in predicting lower GDP growth (we said 3.3% while the reality for Q4 was 2.6% growth), the trend is what counts and clearly Wall Street didn’t like what it read in the latest report. U.S.

A small bit of U.S. greenback strength nicked a dollar off gold today. It was regular trading that stuck a dagger into the precious metals, however.

While waiting for the Fed to speak, it seems almost all sectors of the marketplace were holding their collective breath. The U.S. dollar stayed extremely strong, except against the yen, which seems to have escaped gravity’s pull.