Gold prices may have recovered a bit aided by the uncertainty prevailing in Eurozone area; but investors seem to abandon the commodity in droves as US fiscal cliff issue continues to keep markets on tenterhooks.
While only a handful would predict that US would go off the click, the day-to-day developments in the US political arena is adding to the uncertainty in markets in a big way. When there is uncertainty in the markets, people hardly invest. They would simply sell and markets yesterday saw just that!……………………………………….Full Article: Source