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Gold Prices Flat as Fiscal Cliff Talks Go Silent

Economic indicators, which include housing starts, gross domestic product, jobless claims and consumer sentiment, could all sway the direction of the precious metal, but the fiscal cliff likely will be the biggest event affecting gold.

Gold mining stocks were mostly lower on Friday. Shares of Barrick Gold (ABX - Get Report) and AngloGold Ashanti (AU - Get Report) were each off 1.2%.

Among volume leaders, Goldcorp (GG - Get Report) was losing 0.11%, and Newmont Mining (NEM - Get Report) was decreasing 0.68%.

Gold ETF SPDR Gold Trust (GLD) was inching lower by 0.14%, and iShares Gold Trust (IAU) was down 0.06%.

-- Written by Joe Deaux in New York.

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GLD $114.19 -0.20%
ABX $12.83 -2.10%
AU $11.33 -1.40%
GG $18.35 -1.00%
NEM $25.75 -0.77%


DOW 17,853.93 -74.27 -0.41%
S&P 500 2,083.80 -5.66 -0.27%
NASDAQ 4,922.9830 -16.3440 -0.33%

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