Gold Hovering at Three-Week Highs

CNBC reported that gold hovered at three-week highs on Friday, bolstered by anticipation of flexible U.S. monetary policy.

As quoted in the market report:

Since the U.S. elections on Tuesday, investors have become worried that Washington’s politicians may struggle to find a compromise to cut the budget deficit before nearly $600 billion worth of spending cuts and tax increases kick in early in 2013.

To view the whole CNBC report, click here.