2023-05-24 04:21:19
Gold is heading for the best week since March
Gold prices moved in a narrow range today, Wednesday, following another round of talks on the debt ceiling in the United States ended without reaching an agreement, and investors await the minutes of the last monetary policy meeting of the Federal Reserve (US Central Bank) to search for indications regarding what may happen in the coming period. .
Investors are waiting for any indications related to the direction in which interest rates will go, as their increase raises the opportunity cost of possessing gold that does not generate returns.
price move
Gold declined 0.1 percent in spot transactions, to $1,973.38 an ounce, by 0257 GMT, while US gold futures settled at $1,975.90.
The dollar index held its level, making the yellow metal less attractive to overseas buyers.
As for other precious metals, silver fell 0.3 percent to $23.37 an ounce, and platinum rose 0.1 percent to $1,049.38. Palladium also rose 0.5 percent to $1,453.16, according to Archyde.com data.
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