Bullion trades above $1,300 as U.S. policymakers fails to agree on new debt ceiling

Gold was traded above a level of $1,300 an ounce trimming its weekly fall as traders weighed on the partial shutdown of the U.S. government resulting in weaker economic indicators and as U.S. policymakers failed to agree on a new debt limit. Bullion for October settlement advanced 0.5% to $1,323.36 an ounce and was traded at $1,320.02 as of 2:12 p.m. Singapore time.