Monday, August 1, 2011
US Debt Debate Worries Gold Buyers, Sellers in Asia
VOAVideo: US Debt Debate Worries Gold Buyers, Sellers in Asia
The political wrangling in the United States over the national debt ceiling has helped push the dollar to record lows, and the price of gold above $1,600 an ounce, double where it was two years ago. In Asia, where gold is not just an ornament, but also a trusted investment, demand remains brisk. But with prices expected to continue rising, especially if the U.S. debt fight drags on, consumers and gold sellers say sales are going to be affected. VOA's Kate Pound Dawson in Washington has more.