Commodities – Gold rises for second day
Posted on November 9, 2012 at 2:07 pm GMTGold rose for a second day to hit a three-week high as concerns of the U.S. fiscal cliff and more loose monetary policy boosted demand for the precious metal. Immediately after the U.S. elections on Tuesday, market focus switched to the looming $600 billion worth of spending cuts and tax increases which will kick in by January 1 next year if the U.S. government does not find a resolution. Investors have become worried that Washington’s politicians may struggle to find [..]