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NEW YORK (MarketWatch) — Gold futures dropped on Thursday as signs of a thaw in Washington’s budget standoff reduced safe-haven demand for the precious metal.

“There is a general ‘risk-on’ attitude in the market place Thursday morning as there is some hope that Democrats and Republicans in the U.S. Congress can very soon agree on a budget/debt ceiling plan that would reopen the partially closed government and raise its borrowing limit,” said Kitco analysts in a note. The standoff thaw is...
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