P.M. Kitco Roundup: Gold Pushes Higher Late as Progress on U.S. Debt Deal May Be Unraveling

(Kitco News) - Comex gold prices ended the U.S. day session slightly lower Tuesday, but then rallied to moderately higher levels in late-afternoon trading. Short covering and some safe-haven demand were seen on the rebound in the afternoon and from the early-session low. Afternoon reports that U.S. House Republicans are again digging in their heels has spooked the market place...again. December Comex gold was last up $6.80 at $1,283.70 an ounce. Spot gold was last quoted up $10.40 at $1284.25. ...