Gold sags on prospect of 'fiscal cliff' accord | Bangkok Post: business

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Gold sags on prospect of 'fiscal cliff' accord

Thai shares ease a bit after drawn-out rally

  • Published: | Viewed: 3,812 | Comments: 0
  • Newspaper section: Business
  • Writer: Nuntawun Polkuamdee & Darana Chudasri
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Gold prices continue to dive on market expectations that the US Congress would reach an agreement to avoid the "fiscal cliff". 

Sanya Harnpatanakitpanich, a strategist at Globlex Securities, said gold prices had declined even as the US dollar strengthened.

US economic data have improved, with housing starts rising to a better than expected 900,000 units.

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