Gold rises on debt concerns and fading rate bets
Gold prices advanced as mounting US debt concerns supported the metal. A firmer dollar and fading expectations for an October rate hike limited overall gains.
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Xurve View
Gold rose 0.4% to $4,159.89 per ounce on Monday morning, supported by rising government debt and fading rate hike expectations. The advance follows data showing slowing job growth in the United States last month. Investors are now weighing fiscal headwinds against a firmer dollar ahead of central bank minutes.
