Gold fluctuates as U.S. debt limit debate continues

Gold swung between gains and losses on Friday and were traded below $1,300 an ounce as investors stayed optimistic amid a progress in the U.S. debt ceiling debate in Washington between Barack Obama and congressional lawmakers. Bullion for settlement in October advanced and fell 0.3% before it was traded at $1,290.32 an ounce as of 9:20 a.m. Singapore time.