Gold price hits another high
The gold price has hit another high today, touching $1,278, as it rose to a record level for the second time this week.
Gold prices rose to record highs above $1,625 on Thursday, with silver and palladium also rallying, as concerns over the prospect of a US default prompted investors to buy precious metals as a haven from risk.Bitterly divided Republicans and Democrats are are scrambling to find common ground with less than a week before the government hits its borrowing limit, with chances of a quick resolution receding after a vote on a deficit plan by Republican Speaker John Boehner was pushed back to Thursday from Wednesday.