Gold prices held steady Thursday, supported by a pullback in the dollar, but prices moved in a tight range as investors gauged the Fed's interest rate outlook.
eased from its highest in more than two months, making bullion less expensive for overseas buyers., which would suspend the government's borrowing limit and avert default, with market focus now turning to the Senate and the interest rate outlook.
In the short term, gold could trade higher near the $1,980 level, but don't expect an extreme move upside because markets are still speculating more rate hikes by the Fed, said Brian Lan, of Singapore dealer GoldSilver Central.
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