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Bloomberg reported that gold was trading in the range of a two-week high, as investors were subdued with concerns over global economic growth and the likelihood of further economic stimulus.
Bloomberg reported that gold was trading in the range of a two-week high, as investors were subdued with concerns over global economic growth and the likelihood of further economic stimulus.
As quoted in the market report:
Spot gold was at $1,680.05 an ounce at 10:29 a.m. in Singapore from $1,679.95 yesterday. The metal reached $1,685.25 on Jan. 15, the most expensive since Jan. 3, as U.S. lawmakers wrangled over increasing the $16.4 trillion debt ceiling. Since 1960, Congress has raised or revised the debt limit 79 times, including 49 times under Republican presidents, according to the Treasury Department.
