CNMC Gold

CNMC Gold - No co. specific news, although note that last Fri, Gold Prices losses for the week widened sharply Friday lunchtime in London, with gold's drop below $1300 per ounce. The gold price dropped through $1300 on Thursday as news broke of a deal, apparently offered to President Obama by House speaker Boehner, to avoid this week's US debt ceiling deadline forcing a technical default on Washington's debt. Sinking to a 3-month low of $1263 per ounce, the gold price was set for its lowest end to the week since July 5th.