Despite Bounce, Analyst Sees More Downside in Gold (GLD) (IAU) (SLV)

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Go back to Despite Bounce, Analyst Sees More Downside in Gold (GLD) (IAU) (SLV)

Gold (GLD) Rises as Investors Brace for the Worst...or Worse (SLV) (PALL)

December 24, 2012 8:53 AM EST

Gold is the go-to for investors fearful that U.S. lawmakers will be unable to reach accords in fiscal cliff negotiations.

According to CME Group, gold February contracts are higher in early trading, up about $0.6 to $1,660.7 per ounce.

Many are hedging as over $600 billion in spending cuts and tax hikes will take effect at... More