The yellow metal settled lower as a stronger US currency weighed on prices, but not before it set another intraday record as uncertainty reigned over the debt ceiling.
Consumer spending has been noticeably strong despite the impasse on Capitol Hill.
Republicans and Democrats unveil strikingly similar proposals. The difference is in the timing.
| Tags: | Kim Petersonpolitics |
Tune out the president's scare tactics and instead focus on earnings season.
Prices rally once again as the stand-off in Washington shows no sign of resolution.
A failure to reach an agreement on the debt ceiling by Aug. 2 wouldn't have to result in a default on US bonds. But how would traders react?
As deadlock continues over a debt deal, ride out the impasse with good stocks and some gold and cash.
President Obama has picked a less polarizing leader for the new Consumer Financial Protection Bureau. But it's too early to sound the all-clear for financial stocks.
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