Gold rises on Fed policy path and US debt concerns
Gold prices edged higher after touching a two-month low. Investors weighed the Federal Reserve interest rate path against growing concerns over US debt levels.
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Gold rose 0.3% to $4,124.50 per ounce on Thursday morning, rebounding from a two-month low as investors weighed uncertain Federal Reserve policy against mounting United States debt concerns. The recovery follows a sharp decline on Wednesday that dragged prices to their lowest level since August 5. The rebound highlights shifting safe-haven demand amid ongoing macroeconomic volatility.
