Gold steps higher from a one-week low on the U.S. budget optimism

Note: This section contains information in English only.
Source: Bloomberg
Gold spot price increased by 0.3% to $1.703.35 an ounce in Singapore trading session on Tuesday. Gold price appreciates from a one week low, as the markets are driven by optimism that U.S. governors will reach an agreement on the budget and will avert automatic tax increase and spending cuts, which most probably would push the biggest world economy back into recession.
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