Gold May See More Downward Pressure in 2013′s First Quarter

The Financial Post reported that gold may continue to fall in Q1 2013.

As quoted in the market report:

Gold is facing “headwinds” amid low inflation and the prospect for a budget agreement in Congress, Lutz said. If lawmakers are able to avoid the more than $600 billion in tax increases and spending cuts set to begin in January, it would remove an obstacle to economic growth and reduce demand for precious metals as a haven, he said.

To view the whole Financial Post report, click here.