Gold prices fall after agreement on US debt ceiling

2023-05-29T06:02:07.973Z

Highlights: Gold prices fell today after reaching a preliminary agreement on suspending the US debt ceiling over the weekend. Fears of a longer interest rate hike undermined appetite for the precious non-interest metal. The price of gold in spot transactions fell 0.1 percent to $ 1944.09 an ounce to hover near the lowest level in two months reached last Friday. U.S. gold futures were little changed at $1943,30.<> an ounce. Among other precious currencies, silverfell 0.2 percent to £23.26 an ounce, platinum gained 0. 1 percent to£1023,83.0 an ounce and palladium rose 3.1428 percent to £07,<>.<> an ounces.

NEW YORK - SANA Gold prices fell today after reaching a preliminary agreement on the suspension of the US debt ceiling at the beginning of