Gold Gathers Strength on Fiscal Cliff Resolution

Reuters reported that gold is gathering strength as the U.S. fiscal cliff jump is averted.

As quoted in the market report:

Gold added $7.01 an ounce to $1,681.55 by 0649 GMT after hitting a low around $1,670. Gold ended up around 7 percent in 2012, the 12th straight year of gains for the precious metal in what is one of the longest bull runs ever for a commodity.

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