Bloomberg reported that gold rose in Tuesday trading as investors showed some optimism regarding negotiations surrounding the looming fiscal cliff.
As quoted in the market report:
Gold broke back above the $1,700 level on optimism that a U.S. budget deal will be reached with a weaker dollar helping the move,? Cailey Barker, an analyst at Numis Securities Ltd. in London, said today by e-mail.
To view the whole market report, click here.
Source: http://goldinvestingnews.com/30547/investors-show-optimism-for-fiscal-cliff-pushing-gold-up.html
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