Gold, along with the other precious metals, succumbed to the downward pressure from concerns over Eurozone liquidity

Gold, along with the other precious metals, succumbed to the downward pressure from concerns over Eurozone liquidity. Adding to gold and platinum’s woes has been a bout of year-end selling in Japan due to a new taxation law coming into force from 1 January. Bullion retailers will be required to report physical gold and platinum transactions with the general public, in excess of ¥2m, to tax authorities.