Tuesday, January 8, 2013

'Washington effect' adds to caution in gold market





Gold is supposed to thrive on uncertainty, but the protracted budget talks in Washington towards the end of last year had the opposite effect, as investors sat on their hands - not just because of the wrangling in Congress, but also because of a reluctance to establish fresh positions before the end of the year.









via Business feed http://www.scmp.com/business/commodities/article/1122345/washington-effect-adds-caution-gold-market

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