October 23, 2017

MTECHTIPS

MTECHTIPS:Gold near four-month low on US budget talks standoff

Gold fell more than half a percent on Friday and moved towards its weakest level in four months as the euro slipped against the dollar and talks to avoid a fiscal crisis in the United States seemed to stall again, turning away investors.Gold initially rose more than USD 11 before losing strength after House of Representatives Speaker John Boehner failed to unite his Republican lawmakers behind an effort designed to extract concessions from President Barack Obama in year-end “fiscal cliff” talks.

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