Saturday, July 30, 2011

Gold Hits All-Time High As Beacon Of Safety Amid US Debt-Ceiling Crisis


JITTERY investors pushed gold to a record as it stood as a beacon of safety amid a US crisis accelerating to financial disaster.
GDP growth figures in the world's largest economy that were weaker than expected also fuelled the push to a price-record. Washington politicians have just four days left to raise the debt ceiling and prevent a government debt default. Yet the White House and Republican Party leaders remain split on how to cut spending and increase the national borrowing limit. Gold prices jumped to an intraday record . . . . . .

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