Gold recovers on optimism fiscal cliff will be avoided

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Source: Bloomberg
Gold recovered from the biggest decline in more than 3 weeks as investors holdings increased to a record and on optimism the fiscal cliff in the U.S. will be prevented. Gold spot gained 0.2% to $1,723.70 an ounce and traded at $1,720.38 at 1:52 p.m. Singapore time. The price fell 1.3% a day earlier, the biggest decline since November 2. Bullion for February settlement rose 0.4% to $1,726 an ounce. 
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Thu, 29 Nov 2012 09:00:59 GMT

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Thu, 29 Nov 2012 08:38:20 GMT

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