Gold futures ease ahead of fiscal-cliff talks
By Carla Mozee and Chris Oliver
As 2012 wraps up, “what we’re seeing is lot of profit-taking by people who’ve made pretty good money on gold over the last couple of years,” according to Edmund Moy, a former director of the United States Mint.
Also, “investors are really concerned about what their tax situation is going to look like for 2013,” he said, pointing to uncertainty about whether lawmakers will reach a deal to avert tax increases and spending cuts set for Jan. 1. “Just knowing all the talk about raising capital-gains and personal-income taxes — people are profit-taking.”
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