Gold Rises to Record as ‘Go-to Asset’ Amid Debt-Talk

Gold Rises to Record as ‘Go-to Asset’ Amid Debt-Talk

Ron D'Raine/Bloomberg

Gold surged to an all-time high in New York as investors sought to protect their wealth against the possibility of a U.S. default that may come as soon as next week amid a standoff over the country’s $14.3 trillion debt limit.