As debt talks continue to drag on, gold is facing struggles while copper is nearing a six-month low.

On Thursday, gold prices remained close to their two-month lows as the market remained apprehensive about the increase in the U.S. debt limit. Simultaneously, copper prices continued to decline due to concerns about sluggish economic growth and a pessimistic demand outlook.

Throughout the past week, bullion prices have maintained a narrow trading range of $1,950 to $1,980 per ounce, following a significant drop below the closely-monitored threshold of $2,000.

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