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The Street reported that gold markets changed only slightly on news of a possible US debt deal.
The Street reported that gold markets changed only slightly on news of a possible US debt deal.
The market news is quoted as saying:
Jeff Clark, Casey’s senior precious metals analyst, predicted Friday that gold could see a 5% correction if a debt plan is reached in Washington, which would bring prices down to $1,550 an ounce based on Friday’s closing price. Gold is nowhere near that level as the debt ceiling plan might face some hurdles in the House and falls short of $4 trillion in cuts.
