Gold Prices Take Debt Deal in Stride
Source: The Street, Alix Steel (8/1/11)
"Gold prices dropped slightly as a bipartisan deal to raise the debt ceiling heads to Congress."
Gold prices were selling off slightly as a bipartisan deal to raise the debt ceiling heads to Congress for a vote later today.
Gold for December delivery was losing $11.40 to $1,619.8 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,623.40 and as low as $1,608.20 while the spot gold price was shedding $10.20.
Silver prices were losing 78 cents to $39.34 an ounce. The U.S. dollar index was flat at $73.72 while the euro was also flat versus the dollar. . .View full article