As the deadline for raising ceiling debt limit lingering, US lawmakers have tentatively reached a plan to raise a debt limit. What will be the final deal still nobody knows but, if we see the clues coming from different indicators.

For example Gold Prices as it break out above $1600 an ounce and stay firm above it as demand has been exploded as the deadline nears. Investors are looking for safe heaven that send the Gold prices higher. Silver prices has been soared due to the fear in world financial markets. Credit Rating agencies are about to downgrade United States and financial firms according to the reports.

Fitch Ratings said Monday if the debt ceiling was not raised before Aug. 2 it would place the AAA rating on "watch negative," which means it could downgrade it within a three-to-six-month period. This echoed similar warnings last week from the other two big rating agencies, Moody's and S&P.

Obama has set a Friday deadline for congressional leaders to agree on a budget deal. The White House says the July 22 deadline would give Congress enough leeway to write and pass legislation before Aug. 2.

The United States will default on its financial obligations by Aug. 2 if Congress does not allow the U.S. Treasury to sell more debt by then. That would increase interest rates and could force the U.S. economy back into recession.