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Gold prices dip as US$ strengthens


Spot gold was down 0.8% at $1,959.29 per ounce on Wednesday after rising as much as 0.5% earlier.


Gold slipped as the dollar firmed, cutting some safe-haven flows into bullion from the looming risk of a U.S. debt default as talks entered a critical stretch, while investors awaited minutes of the Federal Reserve’s recent policy meeting.


The dollar index hit a fresh two-month high, weighing on demand for greenback-priced bullion.


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