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Gold at over 2-mth low amid debt deal cheer, hawkish Fed outlook

From investing.com

Gold prices fell slightly on Tuesday, sticking to more than two-month lows amid optimism over a debt ceiling deal and as expectations of more interest rate hikes by the Federal Reserve spurred flows into the dollar. The yellow metal tumbled from record highs hit earlier this month as a string of hawkish signals from Fed officials saw investors pivot into the dollar. This also saw gold see little buying even as sentiment worsened amid uncertainty over a U.S. debt default. But with policymakers now signaling that they had reached a tentative agreement to raise the debt ceiling and avert a potentially crippling default, ... (full story)

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