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Gold faces monthly fall on debt deal hopes, Fed policy outlook
Gold faces monthly fall on debt deal hopes, Fed policy outlook
Gold prices are heading towards their first monthly fall in three months, reflecting a reduced demand for bullion in light of potentially rising interest rates in the US and confidence in the country's debt deal. Spot gold has not moved from $1,958.02 per ounce with U.S gold futures at $1,957.80 remaining the same but down 1.6% for May. The possibility of the US Federal Reserve raising the interest rates next month has grown as economic data beats expectations.
Gold prices are heading towards their first monthly fall in three months, reflecting a reduced demand for bullion in light of potentially rising interest rates in the US and confidence in the country's debt deal. Spot gold has not moved from $1,958.02 per ounce with U.S gold futures at $1,957.80 remaining the same but down 1.6% for May. The possibility of the US Federal Reserve raising the interest rates next month has grown as economic data beats expectations.
Gold prices are heading towards their first monthly fall in three months, reflecting a reduced demand for bullion in light of potentially rising interest rates in the US and confidence in the country's debt deal. Spot gold has not moved from $1,958.02 per ounce with U.S gold futures at $1,957.80 remaining the same but down 1.6% for May. The possibility of the US Federal Reserve raising the interest rates next month has grown as economic data beats expectations. 
