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Gold is captive to discussions on the debt ceiling in the United States and the strength of the dollar

Investors are waiting for any indication on the direction that interest rates will take, as their rise increases the opportunity cost of owning gold that does not generate a return.

price movement

Gold fell 0.1% in spot trades to $1,973.38 an ounce at 0257 GMT, while US gold futures settled at $1,975.90 .

The dollar index maintained its level, making the yellow metal less attractive for foreign buyers.

As for other precious metals, silver fell 0.3% to $23.37 an ounce and platinum rose 0.1% to $1,049.38. Palladium also rose 0.5% to $1,453.16, according to Reuters data.

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The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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