On Thursday, gold for February delivery was down $11.20 an ounce, at $1,676.30, and spot gold dropped $8.90 to finish at $1,663.50. Gold bugs are eyeing what happens on Friday, when an important US employment report is due out.Meanwhile, gold observers are measuring the metal's performance in 2012 — its 12th consecutive year of price increases — and the result is a gain against every fiat currency. A report by Goldcore Bullion and Wealth Management, published by Business Insider, shows that "[g]old rose 7% in US dollars and was 4.9% higher in euro terms and 2.2% higher in sterling terms or to put it more correctly the major fiat currencies fell these amounts in 2012 against immutable gold."
Gold Slips Back After Fiscal Cliff Euphoria
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