Rome has now been without a government since mid-December. Italy's politicians will only start to talk later this week about doing something about last month's failed elections. The Catholic world will have a new pope before Italy gets a prime minister. It's lucky there is no rush.
U.S. dollar gold prices ticked higher to $1,597 per ounce Wednesday morning, holding gains from a day earlier, as the Dollar fell against the Euro despite warnings from a prominent Eurozone policymaker that the crisis in the region is not over.
U.S. dollar prices for buying gold rose briefly above $1,600 per ounce Tuesday morning before falling back, while silver failed to hold above $29 an ounce and stock markets fell following the inconclusive Italian election result.
Gold inched above $1,600/oz today, extending gains from the previous session and into the fourth straight session as uncertainty over Italy's election results stoked renewed fears that the Eurozone debt crisis is set to return, and increased demand for the yellow metal.