• +1 (312) 549-9986

Gold $2,936.50 $1.6 0.05% Silver $32.48 $(0.06) -0.18% Platinum $983.52 $13.97 1.44% Palladium $976.40 $6.4 0.66%

Gold drops on hopes for US debt-limit deal, chances of early rate cuts recede

Gold drops on hopes for US debt-limit deal, chances of early rate cuts recede

May 18 (Reuters) - The price of gold slipped on Thursday as signs that a deal to raise the U.S. debt ceiling could be reached in Washington reduced its safe haven appeal. Fading expectations for early U.S. rate cuts also took the shine off non-yielding bullion.

Spot gold fell 0.3% to $1,976.09 per ounce by 1106 GMT, earlier going as low as $1,971.99, its lowest since April 21...[LINK]

Leave your comment