The price of gold has been oscillating around the $1660 per ounce level over the last few trading sessions – unable to exceed this week’s high during trading today (27th December). The dollar has dropped (typically supportive for gold) on the back of news that the US Treasury is about to adopt “extraordinary measures” in order to avoid hitting the federal debt ceiling. The U.S. House of Representatives is due to stage a session this Sunday – prior to the December 31st deadline on reaching a deal to avert a series of automatic tax increases and spending cuts. The near term gold price action has us monitoring the prior ... (full story)