Sector Update: Gold Futures Sharply Lower as Senate Leaders Appear Close to Reaching Deal to Reopen Government
MIDNIGHT
08:01 AM EDT, 10/15/2013 (MT Newswires) -- Gold futures are sharply lower this morning, dipping to multi-month lows on indications that U.S. lawmakers are very close to reaching a deal to end the government shutdown.
Gold, which has been boosted by safe haven demand throughout the government shutdown, dipped as far as $1,256 an ounce, a three-month low for the metal. Futures were last down 1.25% at $1,260.70 per ounce.
According to various media reports, U.S. lawmakers are very close to reaching a deal to end the government shutdown just two days before the country would hit its debt ceiling.
