If our Washington pols strike a debt reduction deal what will be the impact on the price of gold, if any? Gold is being heavily bought in Asia, particularly by China and India. For them, it's more of a commodity than an investment. Over here it seems that owning gold is a hedge against inflation and a means of wealth preservation in the face of the chaos in Washington. But if Washington settles on a deal, what will be the impact on the price of gold? A lot of force factors go into the price of gold.