), so it may limit the downside for gold even if it has lost some safe-haven flows from debt-ceiling concerns ... The question now is whether will break support at $1,934 to bring $1,900 into focus," City Index senior market analyst Matt Simpson said.The U.S. House of Representatives last week passed a bill torose 0.1%, making greenback-priced bullion less affordable for overseas buyers.
Asian shares extended a global rally on optimism that the Fed would pause its rate hikes this month, while oil prices jumped.
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