As it was informed by "Market Leader (US)"
Investors Anticipate Higher Gold Prices
American legislators have failed to agree on the budget-deficit-reduction plan. After two months of working on the plan the “Super Committee” of the US Congress had to admit that the interparty disputes hadn’t allowed them to work out an efficient deficit reduction plan. It means that another plan will automatically take effect. According to it, the US budget spending will be cut by $1,2 trillion. For big-scale investors it also suggests uncertainty concerning taxation and spending for the next 12 months until the next elections.