If an agreement is reached on lifting the U.S. debt ceiling, prices could pull back, but buying interest under the market will limit the downside for gold prices, market watchers said.
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My bet is that management will begin to see the value of the company tied to annual performance, and the ceiling for stock prices will surely rise.
So, failure to raise the debt ceiling would cause housing prices and gasoline to fall, -precipitously.
Reid was also bombarded with questions by reporters about gasoline prices and the debt ceiling vote.
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Combined with a lesser risk of default, assuming the both houses ratify the debt-ceiling proposal, investors drove treasury prices higher across the curve sending yields to the lowest so far this year.
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These traders, who may be long in their core gold position, could be looking for a chance to profit on a temporary dip in prices if a debt ceiling agreement is passed.
Yet those who see prices trading sideways said that view of the debt ceiling talks might not hold this time around, given how gold sold off in late December and early January over the fiscal cliff squabbling.
FORBES: Gold Survey: Mixed Outlook For Gold Prices Next Week
Spiking oil prices have repeatedly caused economies to stumble, putting a ceiling on economic growth.
Such a "price-capped cellulosic RFS" approach protects consumers by offering them an effective ceiling while offering investors and producers assurance that all cellulosic fuels produced at these reasonable prices will be mandated.
Further, if wrangling over the debt ceiling in Washington in the next few weeks was anything like it was in August 2011, gold prices could rise.
FORBES: Gold Survey: Mixed Outlook For Gold Prices Next Week
This reflects a sharp drop in house prices and sales, cutting tax revenues and pushing the budget deficit close to the stability-pact ceiling this year, and probably over it in 2009.
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Though the Singapore dollar is close to its highest for seven years, some analysts expect the city-state's central bank to raise the ceiling on the currency's (unpublished) trading band soon, to counter the inflationary effects of high oil prices and a tight labour market.
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