Monday, November 12, 2012

Gold ticks up on U.S. fiscal cliff worry

Gold ticks up on U.S. fiscal cliff worry
Novomber 12, 2012
the staff of the Ridgewood blog

Ridgewood NJ,  Gold edged up on Monday in over seas trading after posting its biggest weekly gain since late August on safe-haven buying driven by worries the United States could return to recession if Congress fails to reach a deficit-reduction deal, European debt crisis contagion, looming US tax increases and an anti business regulator environment.

Friday Gold added $3.03 an ounce to $1,733.94 putting the barbarous relic near a 3-week high around $1,738 Friday. U.S. gold for December rose $3.30 an ounce to $1,734.20.

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