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Adrian Day, chairman and chief executive officer of Adrian Day Asset Management told Kitco: "An as-yet undetermined $23bn cut in spending over 10 years in a $17tr deficit is meaningless.
Kitco Defense ( provides solutions for both military and OEM customers, delivering the best in aerospace supply chain solutions.
An extended US government shutdown could prop up gold buying, George Gero, vice-president and precious metals strategist with RBC Capital Markets Global Futures, told Kitco News.