Precious Metals

Reuters reported that gold held steady on Thursday, as investors seemed split on the safety of gold versus the haven of the dollar, with the prospect of a “fiscal cliff” existing with Obama’s re-election.

Reuters reported that gold held steady on Thursday, as investors seemed split on the safety of gold versus the haven of the dollar, with the prospect of a “fiscal cliff” existing with Obama’s re-election.

As quoted in the market report:

In the longer term, gold is likely to benefit from uncertainty over the looming “fiscal cliff” when nearly $600 billion worth of spending cuts and tax increases kick in with the risk of pushing the U.S. economy into deep recession.

To view the whole Reuters report, click here.

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MARKETS

Markets
TSX20907.82-100.38
TSXV828.69-23.46
DOW33596.61-482.57
S&P 5004304.76-44.11
NASD13381.52-166.55
ASX7161.30-72.30

COMMODITIES

Commodities
Gold1896.14-1.76
Silver24.13+0.01
Copper4.54+0.03
Palladium2372.61+38.62
Platinum1086.51+10.51
Oil91.87-0.04
Heating Oil2.78-0.01
Natural Gas4.500.00

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