Gold listless as U.S. debt talks dominate market mood

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Gold prices were little changed on Thursday as the dollar held firm and optimism over U.S. debt-ceiling talks chipped away at the metal's safe-haven appeal.

traded near a seven-week high reached in the previous session, making gold less affordable for overseas investors.

Many of the U.S. macro numbers have come in stronger than expected and this is leading to perceptions that the Fed will probably not pause in June, and the specter of higher rates is bearish for gold, Meir added.

 

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