Gold rose to a record $1,607.70 an ounce, heading for the longest rally in 31 years, as debt concerns in Europe and the U.S. boosted demand for the metal as a haven. President Barack Obama is pressing congressional leaders for a multitrillion-dollar agreement in talks on cutting the deficit. A default would cause more panic than the collapse of Lehman Brothers Holdings Inc. in 2008, Larry Summers, a former Treasury Secretary, told CNN in an interview broadcast yesterday. The euro fell as European leaders plan to meet again on the debt crisis. “There’s just a lack of confidence in government and currency,” Frank Lesh, ... (full story)