Thu, 13 Dec 2012 13:18:57 GMT
Gold slips to a one-week low on U.S. budget issues
Spot gold price dropped by 1% to $1,694.35 an ounce in the beginning of Asian trading hours on Thursday. Gold slipped to a one week low after a recent rally as the price reached the highest price this month. Investors sell this precious metal on the news from U.S. lawmakers, as they face difficulties to reach a deal on U.S.