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Gold Hits Critical Moment as Debt Fears Build
GuruFocus ·
GuruFocus reports: Gold prices edged higher Thursday after touching a two-month low, as investors weighed growing concerns over U.S. government debt against an increasingly uncertain Federal Reserve rate path. The move highlights the tug-of-war now shaping bullion: higher yields are hurting the appeal of non-yielding gold, while fears around fiscal sustainability and geopolitical risk continue to support demand for defensive assets. Spot gold rose 0.3% to $4,124.50 an ounce, while December…