P.M. Kitco Roundup: Gold Higher In "Sell the Rumor, Buy the Fact" Move After U.S. Budget/Debt Agreement

(Kitco News) - Comex gold prices ended the U.S. day session moderately higher Wednesday, on a surprise rally in the face of an agreement among U.S. lawmakers on a budget/debt ceiling deal that will reopen the government. Short covering was featured in both gold and silver markets. December Comex gold was last up $7.90 at $1,281.00 an ounce. Spot gold was last quoted up $0.90 at $1282.50. December Comex silver last traded up $0.159 at $21.35 an ounce.