Dull market takes shine off gold

Gold Investing News reports gold markets did not seem to improve despite the Democrats, President-elect Obama won the recent elections.

Obama has proposed a $175 billion package. Analysts predict that gold may test $800-$805 after recent volatility, given the prospect of an improved economy. All of this may boost gold prices in the long-term, as demand for the precious metal may rise on expanding industrial production.

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