Epic Update : Gold near flat pre-Christmas

Gold was barely changed in Monday’s pre-Christmas session, with futures ending down a notch amid light volume and uncertainty over America’s fiscal condition in the coming year.
The spot price could test support at USD 1,631, as it may have completed a rebound from a December 20 low of USD 1,635.09, Reuters market analyst Wang Tao said.
In gold futures, the benchmark February contract in New York settled down 60 cents at USD 1,659.50.

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