Gold swings between gain and losses as U.S. debt talks fail

Gold fluctuated on Monday and was traded above the lowest level in a three-month period as the debt limit talks between Barack Obama and congressional lawmakers brought no agreement after this weekend persisting the U.S. government shutdown. Bullion for delivery in October advanced 0.5% to $1,279.05 an ounce and slipped 0.3% afterwards to $1,270.81 as of 12:17 Singapore time.