Strong demand for gold drove prices for the precious metal to record highs today, even as stocks sank and Washington remained mired in debate over what to do about the nation's debt ceiling.
The price of gold is being driven up by the debt deadlock in Washington, said one expert.
"Investor confidence isn't there," says Jonathan Corpina, senior managing partner of Meridian Equity Partners in New York City. "People are looking at the debt debate and not getting any new information. What we're...Full Story