U.S. government posts $100 billion deficit in October

WASHINGTON (Reuters) - The U.S. federal government ran a $100 billion deficit in October, the first month of the new fiscal year, according to data released on Tuesday by the Treasury Department.

The deficit was in line with analysts' expectations.

The Treasury said federal spending rose 18 percent from the year-earlier month to $353 billion in October, while receipts were up 7 percent to $253 billion.

When accounting for calendar differences, the government ran a deficit of $110 billion last month compared with $111 billion in October 2017.

Reporting by Jason Lange; Editing by Andrea Ricci

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Gold stocks reach new highs on metal price gain

Rise in gold stocks propels TSXV Mining

Market sees gold sector nearing full value overall after target upgrades

Gold stocks gain even as metal pulls back

Gold stocks rocket to new highs, valuations no longer inexpensive