| Gold approached an all-time high as investors sought to protect their wealth against the possibility of a U.S. default that may come as soon as next week amid a standoff over the country’s $14.3 trillion debt limit.
Spot bullion gained as much as 0.3 percent to $1,623.38 an ounce, compared to the record $1,624.07 reached on July 25, and traded at $1,622.65 at 9:18 a.m. in Singapore. Futures climbed as much as 0.4 percent to $1,625.60 in New York..............................................Full Article: Source
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