0039 GMT — Gold edges higher, supported by possible safe-haven demand. U.S. debt-ceiling talks have failed to make sufficient progress and there are growing risks of a U.S. default, which have kept the precious metal from breaking below the $1,950/oz level for the time being, Commerzbank Research’s commodity analysts say in a report. Gold is likely to be the “ultimate” safe haven in the event of a U.S. default, they add. Spot gold is up 0.1% at $1,976.53/oz. (ronnie.harui@wsj.com)
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