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Gold, Silver Advance as U.S. Budget Concerns Escalate

Gold and silver futures rose for the first time in four sessions on mounting concern that U.S. budget negotiations have stalled, raising the risk of a government shutdown.

The Senate advanced a stopgap spending measure after Republican Ted Cruz defied party leaders by staging an extended speech that lasted more than 21 hours. By a vote of 100-0, with 60 votes required, the Senate will debate the House bill passed Sept. 20. The next fiscal year begins Oct. 1.