Gold prices climb after U.S. House passes debt ceiling bill and as traders digest jobs data

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Gold prices rose for a third day on Thursday after the U.S. House voted on a debt ceiling bill late Wednesday with investors looking ahead to monthly labor market data due Friday.

Price action

Market drivers

The U.S. House of Representatives voted 314-117 in favor of raising the federal debt-ceiling on Wednesday night, keeping Washington on track to avoid a technical default by June 5.

Traders…

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