Gold inches up, uncertainty over US fiscal talks weighs
Reuters: Singapore, Dec 20 2012, 09:32 IST
make big gains early next year, in our view," said Barclays analysts in a research note.
Holdings of SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, were unchanged at 1,350.519 tonnes, not far off the historical high of 1,353.346 tonnes struck in early December.
In industry news, South Africa wants to set export curbs on minerals such as platinum and iron ore, as part of a drive by the ruling African National Congress to create more jobs in the continent's biggest economy.
Spot platinum dropped to a two-week low of $1,574.49 an ounce earlier in the day, and recovered to $1,585.24.
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