NEW YORK ( TheStreet) -- Gold and oil prices are essentially flat as there looks to be possible resolution to the debt ceiling crisis in Washington.Alan Harry, portfolio manager of Spartan Commodity Fund, told TheStreet's Joe Deaux that many traders are holding back from initiating positions, waiting to see if an agreement can be reached. He added that oil will likely spike higher if positive headlines come out. However, he said this will likely be a "buy-the-rumor, sell-the-news" type of event.
[video] Quick Take: Oil, Gold Await Debt Limit Deal
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