Gold price volatility continues amid economic uncertainty.

Gold prices are expected to remain at historically high levels in the coming months due to concerns about credit conditions and the debt ceiling debate. The US April employment report came in better than expected, with the unemployment rate falling to a 53-year low of 3.4% and the economy adding 253,000 jobs last month. However, the gold market won't face any serious obstacles until the debt ceiling issue and the banking sector turmoil are resolved. The last time the debt ceiling really shook markets was in 2011, and there are some parallels to be drawn between then and now.