Unresolved debt ceiling problems worry financial markets

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Political bickering over the debt crises in Europe and the U.S. is driving up fear levels in global markets, leaving some investors worried that the worst is yet to come.

That’s sending another torrent of money into precious metals — a classic vote of no-confidence in governments. Gold topped $1,600 an ounce Monday for the first time after rising for 10 straight days, the longest winning streak since 1980.

Full story: “Fears rise in global markets as debt woes mount”