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

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/15/2026

1. BAC
2. NVDA
3. DPZ
4. GS
5. CRWV
6. UNH
7. ORCL
8. DRS
9. JPM
10. ACI

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