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Commodities Briefing - Categorized | Bullion/Gold, Trends more

Gold falls on U.S. fiscal and monetary uncertainty

Posted on 01 October 2013

Gold prices edged lower on Monday as a U.S. government shutdown loomed large in afternoon trading, which repelled investors away from risk-on assets.
The dollar, which normally moves inversely with gold, headed lower earlier, though investors continued to steer clear of the yellow metal and favored the dollar somewhat on sentiments that when fiscal woes subside, the Federal Reserve will be closer to dismantling monetary stimulus programs………………………………………..Full Article: Source


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