Gold prices hovered around two-month lows on Friday and were set for steep weekly losses as concerns over raising the U.S. debt ceiling and expectations of high interest rates saw investors pivot into the dollar. The yellow metal was down about 2% in its worst week since late-January, falling in tandem with a sharp rise in the dollar, which hit a two-month high against a basket of currencies. The losses in gold saw the yellow metal mark a sharp reversal from record highs hit earlier in May, as easing concerns over an immediate banking crisis sapped the yellow metal of its safe haven appeal. Spot gold fell 0.1% to ... (full story)