Gold ticks higher, on track for 12th annual gain

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Gold ticked up after the euro firmed against the dollar, but wary investors stayed on the sidelines.  (Reuters) Gold ticked up after the euro firmed against the dollar, but wary investors stayed on the sidelines. (Reuters)
SummaryGold ticked up to around $1,663 an ounce on Monday.

be deemed positive for the safe-haven and highly liquid dollar.

A softer dollar boosts commodities priced in the greenback by making them cheaper for holders of other currencies.

"There's nothing at all in Asia. It's very quiet. We don't expect surprises until the talks resume," said a dealer in Singapore.

Buoyed by his re-election in November, President Barack Obama has insisted that any deal must include a tax increase on the wealthiest Americans, who have seen their earnings rise steadily over the past decade at a time when income for the less affluent has stalled.

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