Gold prices witness steepest weekly decline in 6 weeks, focus shifts to US CPI ahead

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Fitch’s downgrade of US sovereign debt to AA+ from AAA has echoed a similar move by S&P Global over a decade ago. The downgrade is attributed to projected fiscal deterioration, a significant and growing government debt burden, and governance erosion relative to ‘AA’ and ‘AAA-rated peers over the past two decades

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