Gold swings on US debt limit worries
9 Oct 2013 4:55 AM IST
World gold prices on Monday swung between gains and losses as investors weighed the outlook for a US debt limit extension as the government shutdown continued and slowing physical demand for the metal. Gold was little changed at $1,310.76 an ounce, after falling 0.2 per cent and rising 0.6 per cent.
Silver lost 0.2 per cent to $21.69 an ounce. The first partial government shutdown in 17 years began October 1, delaying economic releases, including monthly job data that was scheduled for October 4. Bullion rose 21 per cent from a 34-month low set in June as lower prices boosted demand for jewellery and bars, particularly in Asia.
Silver lost 0.2 per cent to $21.69 an ounce. The first partial government shutdown in 17 years began October 1, delaying economic releases, including monthly job data that was scheduled for October 4. Bullion rose 21 per cent from a 34-month low set in June as lower prices boosted demand for jewellery and bars, particularly in Asia.
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