PRECIOUS-Gold dips, focus on U.S. budget talks

* Targets $1,397-$1,447 range in 3 mths-technicals

* India gold demand firm as jewellers stock up

* Coming Up: U.S. jobless claims weekly; 1330 GMT

By David Brough

LONDON, Dec 27 (Reuters) – Gold eased on Thursday and was in sight of last week’s four-month lows, with investors focused on talks between the White House and Congress to prevent the U.S. economy from plunging into recession next year.
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WORTH HIS WEIGHT IN GOLD

David Pearson is part of a dying breed.

The jeweler. The in-house goldsmith. The precious metal miracle worker.

For nearly three decades he’s been tackling nearly every aspect of jewelry repair and design – from custom-created pieces made to the exact specifications of customers to delicate repairs on some of the most precious metals in the world.
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A Closer Look at New Gaza Conflict

ahmedjabari

Hamas military commander Ahmed Jabari, assassinated by an Israeli military strike.

The new round of violence between Israel and Palestinians in Gaza is receiving the typical U.S. media treatment, blaming Hamas and absolving Israel. But the origins of the latest clashes are much more complex than that simplistic and one-sided version, writes ex-CIA analyst Paul R. Pillar.

By Paul R. Pillar

There they go again — another tragic upsurge in the violent tit-for-tat between Israel and Hamas. As with most tit-for-tat contests, at each stage each side can point to what the other side just did as an action that warrants retaliation. Continue reading