We will see what Mr. Annan says when the deadline is reached.

WHITEHOUSE: Press Briefing

There is talk in the gold market that many traders went short gold late last week, figuring that a U.S. debt deal would be reached before the August 2 deadline and gold prices would then back off significantly when the debt deal was reached.

FORBES: Comex Gold Powers to Another Record High; Bulls Now Eyeing $1,700.00

There has been recent talk in the gold market that many traders went short gold futures late last week, figuring that a U.S. debt deal would be reached before the August 2 deadline and gold prices would then back off significantly when the debt deal was reached.

FORBES: Comex Gold Powers to Another All-Time High on Strong Safe-Haven Demand