Summary
THE price of gold rose yesterday to a fresh all-time high of $1594.16 an ounce, and the dollar fell on foreign exchange markets, over concerns the United States may default on its debts.
The yellow metal jumped after ratings agency Moody's said it may cut America's debt rating, warning there was a "rising possibility" it will default.See the full content of this document
Extract
Gold Price Hits New High As Concerns Over Us Debt Remain
To avoid default, politicians in Washington have to agree to raise the country's debt li...
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