Market Wrap: Gold Spikes $40 On US Debt Downgrade, Fed Speculation; Oil & Gas Drop
Commodities were mixed, as gold soared while oil sagged after Congress passed a last-minute bill to reopen the government and raise the debt ceiling. In a sign that another fiscal crisis could emerge early next year, the bipartisan deal forged by the Senate only provides enough funding for government agencies through Jan. 15, while giving the Treasury borrowing authority to last through Feb. 7.
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