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Gold swings as U.S. lawmakers seen nearing deal on debt ceiling

Posted on 15 October 2013

Gold swung between gains and losses amid speculation that U.S. lawmakers will forge a deal to avoid breaching the nation’s debt ceiling and end a two-week partial government shutdown. Silver dropped for a sixth day.
Bullion for immediate delivery lost as much as 0.5 percent to $1,266.40 an ounce and gained 0.3 percent, before trading at $1,274.53 at 10:31 a.m. in Singapore. Prices fell to $1,260.61 on Oct. 11, the lowest since July 11, on expectations that a deal would be reached. Gold for December delivery dropped 0.2 percent to $1,274 on the Comex in New York………………………………………..Full Article: Source


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