Despite the rollercoaster start to the year for gold, the first quarter still could hold supportive elements for gold prices, said Barclays in a daily commodity snippet.
According to Barclays, the U.S. fiscal cliff issues are far from fully resolved, the debt ceiling vote is set to coincide with the deadline for the agreement on spending cuts and despite the tax deal, Moody’s has said it was not enough to remove the risk of a downgrade of the U.S. credit rating………………………………………..Full Article: Source