Investors trust gold more than politicians, it seems, as negotiations falter between the White House and Republicans on raising the federal debt ceiling before August 2. Gold hit a 40-year-old record as it gained value for the tenth straight session Friday, Reuters' Frank Tang reports. People are putting their money in safe havens like precious metals and crude oil, and "Analysts forecast gold would extend its rally further based on its technical outlook, and one said it could reach an outlandish $5,000 an ounce should equity markets plunge," Tang reports.
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