Gold prices held near $1,715 an ounce on Thursday as investors’ focus shifted from President Barack Obama’s re-election to U.S. fiscal woes and the euro zone debt crisis, which pressured the euro to a two-month low against the dollar.
Worries about the fiscal cliff are supportive of safe-haven gold, but a strong dollar offset upward pressure on prices by making it more expensive for buyers holding other currencies………………………………………..Full Article: Source