Precious metals uncertainty will continue

The immediate drivers for the gold price appear to be the progress of the talks in the US about the “Fiscal Cliff” and the developments in the European Sovereign debt crisis. It appears now that the markets have the certainty that the uncertainties will continue, until at least September 2013, the time of the German general election. Greece will most likely receive the required payments as a sort of drip-feed patient, unless real implementations of the Greek government’s decisions take place and effect.