Gold Eases on Thursday, Pushed Back by Fiscal Cliff Aversion
CNBC reported that gold pulled back slightly on Thursday, as investors flocked to the dollar after a U.S. fiscal cliff aversion.
As quoted in the market report:
Spot gold traded near $1,679, down about 0.5 percent, having touched a two-week peak above $1,694 in the previous session. U.S. gold for December delivery was down nearly $10 an ounce near $1,679.