Gold prices tick up

Gold prices ticked up in early Asian trade on Thursday, helped by a softer dollar, but were stuck in a tight range as traders focused on the U.S. debt ceiling vote.

Spot gold XAU= edged up 0.2% to $1,965.61 per ounce by 0008 GMT. U.S. gold futures GCcv1 rose 0.2% to $1,965.20.

The dollar index .DXY eased from a more than two-month high, making bullion less expensive for overseas buyers. USD/

A bill to suspend the U.S. government’s $31.4 trillion debt ceiling and avert a disastrous default cleared a key procedural hurdle in the House of Representatives on Wednesday, setting the stage for a vote on the bipartisan debt deal itself.

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

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