Gold Price Analysis: Impact of US Dollar Surge and Debt Ceiling Updates on Gold Market

Gold Price Analysis: Gold prices (सोने की कीमतों) are experiencing losses, reaching a six-week low near $1,950 on Friday morning. This decline is attributed to a temporary pause in the upsurge of the United States Dollar (USD), as the market awaits updates on the US debt ceiling issue and the upcoming speech by US Federal Reserve (Fed) Chair Jerome Powell later in the day.

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Fed minutes and flash PMIs in focus

Fed minutes Outlook: A rebound in oil prices, and a weaker US dollar helped markets in Europe reverse their Monday losses and close at three-month highs in an otherwise lacklustre session.

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