Gold rise 3% ($108) on risks of U.S. and euro-zone debt defaults

SAN FRANCISCO (Market Watch) — Gold futures finished higher Friday to score a gain of 3.2% for the week, as lingering concerns over the potential for U.S. and euro-zone debt defaults helped prices tally a nine-session gain of nearly $108 an ounce. Gold for August...

China warns U.S. debt-default idea is “playing with fire”

Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China’s central bank said on Wednesday. The idea of a technical default — essentially...