Gold prices fell to their lowest point in two months due to the rising optimism surrounding the US debt talks, reducing the safe-haven demand for gold, and the robust US economic data, which fueled bets on another rate hike by the period of Federal Reserve. Spot gold was down 0.4% at $1,949.69 per ounce, and US gold futures fell 0.7% to $1,950.20. Gold may remain unappealing as a non-yielding asset in today's high-interest rate environment.