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Gold steady after release of Fed minutes, debt talks in focus
Gold steady after release of Fed minutes, debt talks in focus
Gold prices remained steady as investors awaited updates on debt ceiling negotiations and the US Federal Reserve's rate hike campaign. Spot gold was unchanged at $1,957.69 per ounce while US gold futures fell 0.2% to $1,960.10. The dollar index remained firm, which could make gold less appealing to overseas investors. US Treasury Secretary Janet Yellen warned of a debt ceiling default in early June and said she would update Congress soon. The Fed's minutes from its May meeting stated that the likelihood of further interest rate increases "had become less certain.
Gold prices remained steady as investors awaited updates on debt ceiling negotiations and the US Federal Reserve's rate hike campaign. Spot gold was unchanged at $1,957.69 per ounce while US gold futures fell 0.2% to $1,960.10. The dollar index remained firm, which could make gold less appealing to overseas investors. US Treasury Secretary Janet Yellen warned of a debt ceiling default in early June and said she would update Congress soon. The Fed's minutes from its May meeting stated that the likelihood of further interest rate increases "had become less certain.
Gold prices remained steady as investors awaited updates on debt ceiling negotiations and the US Federal Reserve's rate hike campaign. Spot gold was unchanged at $1,957.69 per ounce while US gold futures fell 0.2% to $1,960.10. The dollar index remained firm, which could make gold less appealing to overseas investors. US Treasury Secretary Janet Yellen warned of a debt ceiling default in early June and said she would update Congress soon. The Fed's minutes from its May meeting stated that the likelihood of further interest rate increases "had become less certain. 
