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Gold dips as U.S. debt talks resume, FOMC minutes loom

From kitco.com

Gold prices are weaker in midday U.S. trading Wednesday. Risk appetite up-ticked a bit today on reports the U.S. government debt-limit-extensions talks are set to resume, following a report Tuesday that the negotiations were at an impasse. Silver prices are lower. Trading today is more cautious ahead of this afternoon's release of the FOMC minutes. June gold was last down $2.50 at $1,972.10 and July silver was down $0.274 at $23.34. Risk aversion was keener earlier today after a report Tuesday afternoon said President Biden and House Speaker McCarthy have not made much progress on the U.S. debt-ceiling extension ... (full story)

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  • Category: Fundamental Analysis