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Gold holds near $1,715/oz, focus shifts to euro zone

Posted on 09 November 2012

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

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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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