Bloomberg reported that gold is rallying on signals that the US economy will continue to struggle.

The market news is quoted as saying:

Gold futures for December delivery rose $2.20 to $1,633.40 at 11:46 a.m. on the Comex in New York. Earlier, the price dropped as much as 1.4 percent as traders awaited the vote on the debt-ceiling agreement.

To read the full market news, click here.