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PRECIOUS-Gold ticks up on U.S. fiscal cliff worry

By: Decomposed in ROUND | Recommend this post (0)
Mon, 12 Nov 12 5:48 AM | 94 view(s)
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PRECIOUS-Gold ticks up on U.S. fiscal cliff worry


Mon Nov 12, 2012 6:18am IST

SINGAPORE, Nov 12 (Reuters) -
Gold edged up on Monday after posting its biggest weekly gain since late August on safe-haven buying driven by worries the United States could return to recession if Congress fails to reach a deficit-reduction deal.

FUNDAMENTALS
* Gold added $3.03 an ounce to $1,733.94 by 0025 GMT, holding near a 3-week high around $1,738 struck on Friday.
* U.S. gold for December rose $3.30 an ounce to $1,734.20.

More: http://in.reuters.com/article/2012/11/12/markets-precious-idINL3E8MC03020121112?feedType=RSS&feedName=domesticNews&rpc=602




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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