The US debt ceiling standoff looms like a ghoul over the market, suppressing animal spirits and encouraging investors to seek the comforting glow of gold.
The yellow metal has crept to another record, at USD 1,625.20 an ounce, dragging silver above USD 41 an ounce in its wake, while the dollar remains under pressure.
The FTSE All-World equity index is flat following a meek session in Asia and S&P 500 futures suggest Wall Street will open little changed. The FTSE Eurofirst 300 has lost of 0.4%, with banks leading the declines as widening eurozone peripheral spreads speak to continuing fiscal angst.
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