U.K. bullion dealer Sharps Pixley, in a research note, pointed out that gold and equities also diverged the last time there was a major fiscal stand-off in Washington.

FORBES: Focus: Safe-Haven Buying Boosts Gold; Diverges From Equities and Rises With Dollar

Austin Kiddle, analyst at London-based firm Sharps Pixley, said with the economic woes seeming to carry on for the foreseeable future, the outlook for gold as a safe haven is strong.

FORBES: METALS OUTLOOK: Gold Seen Rising Next Week If Financial Worries Persist

Ross Norman, CEO of Sharps-Pixley, said he is of impression the commission may take a look at all reference prices for a range of markets, rather than gold coming under special scrutiny.

FORBES: FOCUS: News Of Possible Probe Of London Fixings Raises Eyebrows In Gold Market