One need to wait and watch New Year, happy new year expected for Gold.
Gold eased off as safe haven demand lessened and traders added more risk to their portfolios. Gold has been in a fairly volatile state to close the month. Market strategists have attributed the gold price’s inability to break out of its trading range to a confluence of macroeconomic factors – including the U.S. fiscal cliff situation, the seemingly never-ending European sovereign debt crisis, slower economic growth and lower demand for gold in China, and movements in the U.S. dollar as a safe haven during time markets shift into risk-off mode.
